CLOSING : SOLD -3 COMBO JMIA 100 20 JAN 23 15 CALL/PUT @8.14
This is partial closing of the LEAP contracts that we had bought last year in Jumia.
Jumia’s business plan has changed in last 2 quarters, so I am not that strongly bullish on it anymore and hence selling a portion of position.
After this sale, we remain with 5 LEAP contracts in JMIA.
Will watch the stock closely and then decide. I’d sell some calls to reduce the cost basis of these LEAP contracts. Meanwhile, taking the profits to the bank from this sale
Profit : $2,442.00