CVS Health (CVS) is rallying today. This trade is a great example of how you can use rolling to buy time for a position to recover. Let’s book a profit now.
Current Stock Price: $106.54
Cash in Hand: $1.37
Action: Buy to close the CVS Apr Week Four (4/22) 104 Put for around $0.27, but adjust as needed to close today
Profit: $1.10, or $110 per contract