It's not every day you can close out a call position, a put position, and short position on the same security... on the same day, at the same time, and still profit on all three. But that's EXACTLY what I did with Tile Shop Holdings (aka: The Tile Store) this past week.
The call position I'd put on 03.15.18, the put position was established last week (ahead of earnings), and the short position on 06.19.18 (pre-mkt after they beat estimates) in order to lock my call profits on the gap up. I then exited all three trades a short while later when the market opened.
Win-Win-Win
The call position I'd put on 03.15.18, the put position was established last week (ahead of earnings), and the short position on 06.19.18 (pre-mkt after they beat estimates) in order to lock my call profits on the gap up. I then exited all three trades a short while later when the market opened.
Win-Win-Win