Set a Limit Order to Exit Your T-Mobile and Microsoft Puts
T-Mobile US Inc. (TMUS) and Microsoft Corp. (MSFT) have been trending slightly flat with a drift to the upside. Enough time value has evaporated so that we can close both of these positions and keep most of the potential profits.
This is a good example of how An-E can help us at Predictive Alpha Options to identify stocks that are likely to remain above our short-put strike price even if the share price doesn't move very much.
For MSFT, we recommend you...
Buy to close the Mar. 15, 2024 $385 Puts (MSFT240315P00385000) with a limit order at the current price.
At the time this alert was written, the puts were trading for $0.95.
For traders who entered a short vertical put spread, we recommend the following...
Buy to close the Mar. 15, 2024 $385 Puts (MSFT240315P00385000) with a limit order at the current price.
Sell to close the Mar. 15, 2024 $365 Puts (MSFT240315P00365000) for the highest price available.
For TMUS, we recommend you...
Buy to close the Mar. 8, 2024 $155 Puts (TMUS240308P00155000) with a limit order at the current price.
At the time this alert was written, the puts were trading for $0.10.
For traders who entered a short vertical put spread, we recommend the following...
Buy to close the Mar. 8, 2024 $155 Puts (TMUS240308P00155000) with a limit order at the current price.
Sell to close the Mar. 8, 2024 $145 Puts (TMUS240308P00145000) for the highest price available.
Charging Forward with A.I. On Our Side
Timing is everything when it comes to these trades, so head to your app store now, download the free TradeSmith app, and enable push notifications… because the next great trade is right around the corner!
To view the entire Predictive Alpha Options portfolio, please click here.
Sincerely,
John Jagerson & Wade Hansen Analysts, Predictive Alpha Options
P.S. For any questions or concerns, check out your brand-new Frequently Asked Questions page, which you can access here. Otherwise, reach out to or contact your Customer Concierge Team at 866-385-2076 or JohnandWade@tradesmith.com Monday through Friday, 9:00 a.m. to 5:00 p.m. ET. Our dedicated team will be glad to assist you.
TradeSmith is not registered as an investment adviser and operates under the publishers' exemption of the Investment Advisers Act of 1940. The investments and strategies discussed in TradeSmith's content do not constitute personalized investment advice. Any trading or investment decisions you take are in reliance on your own analysis and judgment and not in reliance on TradeSmith. There are risks inherent in investing and past investment performance is not indicative of future results.
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