Let’s book profits on our Blackstone (BX) put now rather than risk having to roll out a week if the market continues to sell off. We’ll earn a 0.3% return in two days, or 55% annualized.
Current Stock Price: $84.06
Cash in Hand: $0.41
Action: Buy to close the BX Sep Week Five (9/30) 80 Put for around $0.17, but adjust as needed to close today
Profit: $0.24, or $24 per contract