I took profits early.

music selection:  “Doctor My Eyes” — Jackson Browne

On 12MAY2020, I opened a bull call spread in OKTA at the 160/165 strikes and 19JUN2020 expiry.  I had 8% downside protection remaining as of this morning.  Earnings are after close today and the implied move is +/- 9%.  I decided a bird in the hand was worth two in the bush.  I sold today and booked a profit of 75 dollars on 325 at risk.  The trade was in force for 17 days and yields 23% or 495% annualized.

Devour your prey raptors!

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Close OKTA BCS early

Never miss another opportunity to devour prey!

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