I am recommending we book fast profits on our Advanced Micro Devices (AMD) and Crocs (CROX) puts.
There’s simply too much cash on the table to pass up, and what’s left in premium does not justify the capital that it would tie up.
AMD Aug Week One (8/6) 95 Put
Current Stock Price: $102.52
Cash in Hand: $1.63
Action: Buy to close the AMD Aug Week One (8/6) 95 Put for around $0.46
Profit: $1.17, or $117 per contract
CROX Aug Monthly (8/20) 125 Put
Current Stock Price: $136.06
Cash in Hand: $3.10
Action: Buy to close the CROX Aug Monthly (8/20) 125 Put for around $1.60
Profit: $1.50, or $150 per contract