I've had this position for a while and prices are soaring despite the weak tape.
This move allows me close the risk and take a profit.
Here's what I'm doing:
Sell-to-close the E2open Parent Holdings, Inc. (NYSE: ETWO) June 18, 2021, $12.50 call (ETWO210618C00012500)
At last glance, these contracts are trading at $0.65 per contract.
I have a limit order at $0.70.
If filled at that price, it's a 16% gain from entry at $0.60.
Congrats on another winning trade!