Shares of Monster Beverage (MNST, $52.08, up $1.30) fell 10% yesterday and we had 2 put option trades that did very well. We took half profits on our September puts and we let the October puts ride but we set a Hard Stop on the September puts in case there was a rebound today.
Monster has traded down to $50.20 to start the session but shares have since bounced backl and are pushing green.
The good news is we locked-in profits of 113% on the September puts. Our October puts are still open so we wanted to update the position.
We also have a NEW TRADE we are getting into so please use limit orders to get the best fills.
Subscribers, check the Members Area for the updates.