When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.
Tech Alert - (META) – Expiration
EXPIRATION of Meta Platforms, Inc. (META) December 2024 $515-$520 in-the-money vertical BULL CALL spread at $5.00
Closing Trade
12-20-2024
expiration date: December 20, 2024
Portfolio weighting: 10%
Number of Contracts = 25 contracts
This is a trade that will expire later today and we are far in the money, so I will just issue this right now.
You don’t have to do anything with this expiration.
Your broker will automatically use your long position to cover your short position, canceling out the total holdings.
The entire profit will be credited to your account on Monday morning, December 23, and the margin freed up.
Some firms charge you a modest $10 or $15 fee for performing this service.
Here are the specific trades you need to close out this position:
EXPIRATION of 25 December 2024 (META) $515 calls at………….………$94.00
EXPIRATION of short 25 December 2024 (META) $520 calls at………..$89.00
Net Proceeds:……………………..…….………..…….........................................$5.00
Profit: $5 - $4 = $1
(25 X 100 X $1) = $2,500 or 25% in 44 days
