I am recommending we book profits on our Block (SQ) and United Airlines (UAL) puts, earning annualized rates of return of 49% and 39%, respectively, and freeing up capital for new trades.
SQ Dec Monthly (12/16) 59 Put
Current Stock Price: $66.34
Cash in Hand: $0.88
Action: Buy to close the SQ Dec Monthly (12/16) 59 Put for around $0.56, but adjust as needed to close today
Profit: $0.32, or $32 per contract
UAL Dec Monthly (12/16) 40 Put
Current Stock Price: $43.58
Cash in Hand: $0.31
Action: Buy to close the UAL Dec Monthly (12/16) 40 Put for around $0.14, but adjust as needed to close today
Profit: $0.17, or $17 per contract