Sell to Close Lindsay (NYSE: LNN) Puts for Small Gain

By Linda McDonough • July 17, 2018

Sell to close the August 17, 2018 put on Lindsay Corporation (NYSE:LNN) with a strike price of $95 at $3.75 or higher. Symbol (LNN180817P95)

LNN is trading below the strike price of the August put options. I suggest taking this small gain as the options will lose value quickly as we get closer to the expiration date. Some of you may see a gain better than the 6% I’ve booked as I top ticked my purchase price.

Let me know how this trade worked out for you by taking this brief survey.

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Phil L.

07/17/18 ‐ 11:10am ET July 17, 2018 at 11:10am ET

Linda

Out at $3.75 at 10 this morning – LOL

Thanks

Phil

Steve Aarnio

07/17/18 ‐ 11:16am ET July 17, 2018 at 11:16am ET

Another winner, and seems to be still gaining… out shortly after the alert at $3.90.

Thanks, Linda!

AlexB

07/17/18 ‐ 11:18am ET July 17, 2018 at 11:18am ET

Out at $4.31 at 10:15 (CT) FIDELITY.

Ted

07/17/18 ‐ 11:19am ET July 17, 2018 at 11:19am ET

You were reading my mind – I was about to sell it and got the text notice. I bought the option far under the 3.35 recommendation.

Bought 2.05
Sold 4.07

98% return – Thanks Linda!

MODERATOR: Lisa G

07/17/18 ‐ 11:21am ET July 17, 2018 at 11:21am ET

Filled at $4.10 at Fidelity at 11:20.

Toro

07/17/18 ‐ 11:21am ET July 17, 2018 at 11:21am ET

STC $4.00

Phil Ash

07/17/18 ‐ 11:22am ET July 17, 2018 at 11:22am ET

In at $3.40. Out at $4.40. 29% return. Thanks

Paul

07/17/18 ‐ 11:27am ET July 17, 2018 at 11:27am ET

Got in after it went down so made a good profit. Thanks

Asjad Shamim

07/17/18 ‐ 11:39am ET July 17, 2018 at 11:39am ET

In @ $2.95
Out @ $3.75

Thanks

Todd Harrell

07/17/18 ‐ 11:51am ET July 17, 2018 at 11:51am ET

Out at $4.00 at 11:50

JoeJB

07/17/18 ‐ 12:07pm ET July 17, 2018 at 12:07pm ET

In @ $3.40
Out @ $4.16

Ian

07/17/18 ‐ 12:10pm ET July 17, 2018 at 12:10pm ET

closed LNN @3.90 credit

Matt H

07/17/18 ‐ 12:11pm ET July 17, 2018 at 12:11pm ET

Out at 4.07 on Fidelity

Daniel Long

07/17/18 ‐ 12:58pm ET July 17, 2018 at 12:58pm ET

LNN opened 3.68
LNN closed 3.90
6% profit
Thanks.
DL

Mark F

07/17/18 ‐ 1:21pm ET July 17, 2018 at 1:21pm ET

Bought LNN @ 3.30. Sold @ 3.90. 18% profit. Thank you.

ETKTRIDE

07/17/18 ‐ 1:43pm ET July 17, 2018 at 1:43pm ET

LNN – chased down from $4.10 and finally filled @ $3.80 CR (IB)

In at $3.20 so still a nice 12% gain in 19 Days!

Thanks Linda!

Michael E

07/17/18 ‐ 2:33pm ET July 17, 2018 at 2:33pm ET

Out @ $3.75
Thanks Linda!

DJ

07/17/18 ‐ 11:06pm ET July 17, 2018 at 11:06pm ET

BTO $2.60
STO $4.40

Thanks Linda.

Joel H

07/18/18 ‐ 8:46am ET July 18, 2018 at 8:46am ET

23% Gain

Thanks Linda!

Scott S

07/18/18 ‐ 5:23pm ET July 18, 2018 at 5:23pm ET

Got out at $4.00 today. Nice.

Vincent Chia

07/19/18 ‐ 3:15am ET July 19, 2018 at 3:15am ET

Hi Linda,

Got in at $3.00
Sell to close at $3.50

I was anticipating LNN to correct further south with the looming trade war and inventory build.

Thanks Linda.

Wallace Rodriguez

08/10/18 ‐ 11:50am ET August 10, 2018 at 11:50am ET

Out 4.20

Linda McDonough

08/13/18 ‐ 2:57pm ET August 13, 2018 at 2:57pm ET

Nice exit price.

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