Closed ITB early for a $30 gain.
music selection: “No One Is To Blame” — Howard Jones
I posted early today that ITB was threatened. I was able to catch a bid and close for a small profit, thereby taking some risk off the table. On 24MAY2021, I bought the 65/70 strikes bull call spread in ITB for 3.27 a share (15 spreads). I sold today for 3.29 a share. I booked a $30 dollar short term capital gain. The gain is 0.6% over 50 days or 4% annualized. Doesn’t move the needle. I just wanted to get the risk off the table as the position was scheduled to expire Friday.
Bull call spreads with July expiries in CCI and WELL are both well in the money. I expect total realized gains for July to come in at 10,520. I am on a similar pace for both August and September.
Devour your prey raptors!