Liquidated TRIP at $53.31 / JAN 50 Strike Price Call Liquidated at $6.90 for Small Gain (+6.1%)
Let’s go ahead and liquidate our position in TripAdvisor Inc (TRIP). I’m seeing a decline in institutional sponsorship – long term relative strength is not holding up any further (especially last few days) and it’s not outperforming the market anymore.
The stock is currently trading at the $53.30 price level while our JAN 50 Strike Price Call option’s midprice is trading at/near $6.80 to $6.90 – let’s liquidate TRIP at the current market price.