Let’s book a modest profit on Starbucks (SBUX) rather than risk holding through expiration. This will also free up capital for new trades, so keep an eye on your inbox this week.
Current Stock Price: $81.28
Cash in Hand: $0.73
Action: Buy to close the SBUX Apr Monthly (4/14) 81 Put for around $0.47, but adjust as needed to close today
Profit: $0.26, or $26 per contract