Trading has been very ragged, so I want to close our profitable positions in Bank of America (BAC) and D.R. Horton (DHI).
BAC Sep Monthly (9/18) 25 Put
Current Stock Price: $25.39
Cash in Hand: $0.39
Action: Buy to close the BAC Sep Monthly (9/18) 25 Put for around $0.09
Profit: $0.30, or $30 profit per contract
DHI Sep Monthly (9/18) 70 Put
Current Stock Price: $73.58
Cash in Hand: $1.40
Action: Buy to close the DHI Sep Monthly (9/18) 70 Put for around $0.10
Profit: $1.30, or $130 profit per contract