With the market looking for direction today, I am recommending we take profits off the table in D.R. Horton (DHI), Teladoc Health (TDOC), Twitter (TWTR) and Zoom Video Communications (ZM).
DHI Jan Monthly (1/15) 66.50 Put
Current Stock Price: $68.90
Cash in Hand: $0.60
Action: Buy to close the DHI Jan Monthly (1/15) 66.50 Put for around $0.14
Profit: $0.46, or $46 per contract
TDOC Jan Monthly (1/15) 200/190 Put Spread
Current Stock Price: $231.87
Cash in Hand: $0.38
Action:
- Buy to close the TDOC Jan Monthly (1/15) 200 Put for around $0.13
- Sell to close the TDOC Jan Monthly (1/15) 190 Put for around $0.09
- Set initial debit limit at $0.04. but adjust as needed to close today
Profit: $0.34, or $34 per contract
TWTR Jan Monthly (1/15) 46 Put
Current Stock Price: $48
Cash in Hand: $0.57
Action: Buy to close the TWTR Jan Monthly (1/15) 46 Put for around $0.20
Profit: $0.37, or $37 per contract
ZM Jan Monthly (1/15) 310 Put Spread
Current Stock Price: $370.21
Cash in Hand: $0.70
Action:
- Buy to close the ZM Jan Monthly (1/15) 310 Put for around $0.20
- Sell to close the ZM Jan Monthly (1/15) 300 Put for around $0.10
- Set initial debit limit at $0.10, but adjust as needed to close today
Profit: $0.60, or $60 per contract