Liquidated STX 30 NOV 43/45 Bear Call Spread at $1.08 for Net Debit of $.39 while underlying was $44.01
Seagate Technology (STX) continues to inch higher. Let’s go ahead and cover the position and liquidate our Bear Call Spread, which expires this Friday. We may initiate another Bear Call Spread a few weeks out on STX if it moves a point or two higher.
Ticker Symbol: STX
Expiration: November 30, 2018
Liquidate Bear Call Spread
Buy to Close the 43 Call
Sell to Close the 45 Call
Look for a DEBIT of between $1.00 and $1.10 or lower TODAY ONLY (midprice is currently trading at/near $1.06 right now).