This is the kind of market where you take fast profits where you can. Let’s close our Applied Materials (AMAT) and CVS Health (CVS) puts.
AMAT Apr Week Five (4/29) 104 Put
Current Stock Price: $110.54
Cash in Hand: $0.51
Action: Buy to close the AMAT Apr Week Five (4/29) 104 Put for around $0.25, but adjust as needed to close today
Profit: $0.26, or $26 per contract
CVS Apr Week Five (4/29) 100 Put
Current Stock Price: $101.28
Cash in Hand: $0.81
Action: Buy to close the CVS Apr Week Five (4/29) 100 Put for around $0.56, but adjust as needed to close today
Profit: $0.25, or $25 per contract