Let’s book fast profits on our Amazon (AMZN) put, earning a 0.3% return in two days, or 58% annualized.
Current Stock Price: $130.92
Cash in Hand: $0.70
Action: Buy to close the AMZN 7 Jul 126 Put for around $0.30, but adjust as needed to close today
Profit: $0.40, or $40 per contract