Stocks soared higher to start the week but hit resistance.

Monday’s move pushed the S&P 500 and Nasdaq 100 back into all-time high levels.

You were disciplined and didn’t chase the action; we flipped the cards and took on a bearish hedge.

With today’s weakness, we are going to cut our newest position loose.

Here's what we're doing...

• Sell-To-Close the Suncor Energy Inc. (NYSE: SU) Oct. 23, 2020, $12.50 put (SU201023C00012500) at the market.

Here’s what to do…

ACTION TO TAKE:

• In your brokerage account, locate the SU Oct. 23, 2020, $12.50 put:
  
• Locate the options in your portfolio with the ticker: SU.
• The symbol is SU201023C00012500.
  
• Select how many contracts you want to sell.
  
• Once you have the right contract, click “sell to close.”
  
• Choose “market.”

Then click "sell" to transmit the order.You can also call your broker and say, "I want to Sell-To-Close SU Oct. 23, 2020, $12.50 put (SU201023C00012500) at market."

Congrats on your winning trade!

It’s not a triple-digit gain but closing out winning trades does feel good.

I love hearing about your success, so please take a few moments to let me know how YOU personally fared in this trade. I’d love to hear from you. You can email me here: [email protected]

To your wealth, freedom & options!

Joshua M. Belanger