Let’s book profits on our Corning (GLW), Starbucks (SBUX) and SPDR S&P Biotech ETF (XBI) put positions.

GLW Mar Week One (3/5) 37.50 Put

Current Stock Price: $38.94

Cash in Hand: $0.62

Action: Buy to close the GLW Mar Week One (3/5) 37.50 Put for around $0.09

Profit: $0.53, or $53 per contract

SBUX Mar Week One (3/5) 105 Put

Current Stock Price: $107.31

Cash in Hand: $1.94

Action: Buy to close the SBUX Mar Week One (3/5) 105 Put for around $0.36

Profit: $1.58, or $158 per contract

XBI Mar Week One (3/5) 150 Put

Note: No action is needed on the XBI Mar Monthly (3/19) 135/125 Put Spread at this time.

Current Stock Price: $148.24

Cash in Hand: $4.50

Action: Buy to close the XBI Mar Week One (3/5) 150 Put for around $3.43

Profit: $1.07, or $107 per contract