Close the Cheesecake Puts for a 36% Profit

March 10, 2020 - 10:37 am

There's no better way to say it than we're just not feeling this trade. Five days ago we bought the April $30 Puts on CAKE for $2.13 and we sold them today for $2.90.

We don't know if some of these stocks will go lower or not but we're seeing bounces so we're out of this trade.