Option Investor

KLAC 37.5 put sold to close for $0.20

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KLAC 37.5 put sold to close for CREDIT of $0.20

We are now out of the KLAC positions both puts and calls

I would have liked to have stayed longer and maybe the stock would have stayed around the $40 area, but I don't like the volatility of this stock the last two days. So we closed out the position and will go on from here. I thought we might get some erosion of premium but the drop in the price last two days kept the time value a lot higher than normal..So we bailed

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