Let’s book a fast profit on our Apple (AAPL) put, earning 0.8% in six days, or 46% annualized.
Current Stock Price: $172.25
Cash in Hand: $1.66
Action: Buy to close the AAPL Aug Monthly (8/19) 167.50 Put for around $0.38, but adjust as needed to close today
Profit: $1.28, or $128 per contract