I am recommending we close our Applied Materials (AMAT) put, booking a fast profit and freeing up some capital.
Note: No action is needed on the AMAT Jan Monthly (1/21) 145/140 Put Spread at this time.
Current Stock Price: $158.37
Cash in Hand: $1.03
Action: Buy to close the AMAT Jan Week One (1/7) 152.50 Put for around $0.30, but adjust as needed to close today
Profit: $0.73, or $73 per contract