We close out our position in Infineon – Long Feb25 34/36 Call spreads for a tactical rebound ahead of results
- Spot 8% higher since entry price and above our strike
- At price channel resistance.
- Implied delta on long call leg now at 0.61 vs 0.29 at open
- Locking in profits as we believe it is unlikely price will rise further given broader macro uncertainty and due to proximity to expiration date