Let’s book profits on our Delta Air Lines (DAL) and Gilead Sciences (GILD) puts.
DAL Apr Week Four (4/22) 38.50 Put
Current Stock Price: $42.91
Cash in Hand: $0.36
Action: Buy to close the DAL Apr Week Four (4/22) 38.50 Put for around $0.06, but adjust as needed to close today
Profit: $0.30, or $30 per contract
GILD Apr Week Four (4/22) 61 Put
Current Stock Price: $61.87
Cash in Hand: $0.60
Action: Buy to close the GILD Apr Week Four (4/22) 61 Put for around $0.25, but adjust as needed to close today
Profit: $0.35, or $35 per contract