Let’s book fast profits on our Amazon (AMZN) put, earning a 0.3% return in three days, or 42% annualized.
Current Stock Price: $126.01
Cash in Hand: $0.72
Action: Buy to close the AMZN Jun Monthly (6/16) 124 Put for around $0.29, but adjust as needed to close today
Profit: $0.43, or $43 per contract