Let’s book profits on our CVS Health (CVS) put, earning a 0.5% return in four days, or 41% annualized. I’m worried today’s market strength could be a head fake, so let’s make hay while the sun is shining!
Current Stock Price: $97.90
Cash in Hand: $0.75
Action: Buy to close the CVS Oct Week One (10/7) 95 Put for around $0.32, but adjust as needed to close today
Profit: $0.43, or $43 per contract