MOT Summary

Closed out MOT. My underlying target price was $7.00, however, I sold the put when the underlying could not break past the $7.05 price today. It kept bouncing back. With 50% profit achieved, and a delta of 46, I figured there was no reason to wait for the price drop to $7.00 for an additional $2.50 in profit. The stock has been trading sideways the past couple days, so I see no momentum to move it far below $7.00 in the near term, another factor in my decision to close the position.

Over all, one of my most successful trades to date. AL