Let’s book fast profits on our Applied Materials (AMAT) and Starbucks (SBUX) positions.
AMAT Jul Week Two (7/8) 85 Put
Current Stock Price: $89.97
Cash in Hand: $0.61
Action: Buy to close the AMAT Jul Week Two (7/8) 85 Put for around $0.14, but adjust as needed to close today
Profit: $0.47, or $47 per contract
SBUX Jul Week Two (7/8) 76 Put
Current Stock Price: $79.04
Cash in Hand: $0.48
Action: Buy to close the SBUX Jul Week Two (7/8) 76 Put for around $0.09, but adjust as needed to close today
Profit: $0.39, or $39 per contract