I am recommending we book fast profits on our Bristol-Myers Squibb (BMY), CVS Health (CVS) and Marathon Petroleum (MPC) puts, earning annualized rates of return of 138%, 88% and 44%, respectively.
BMY Sep Monthly (9/16) 67.50 Put
Current Stock Price: $70.36
Cash in Hand: $0.89
Action: Buy to close the BMY Sep Monthly (9/16) 67.50 Put for around $0.38, but adjust as needed to close today
Profit: $0.51, or $51 per contract
CVS Sep Monthly (9/16) 100 Put
Current Stock Price: $102.41
Cash in Hand: $0.92
Action: Buy to close the CVS Sep Monthly (9/16) 100 Put for around $0.44, but adjust as needed to close today
Profit: $0.48, or $48 per contract
MPC Sep Monthly (9/16) 92.50 Put
Current Stock Price: $99.27
Cash in Hand: $0.86
Action: Buy to close the MPC Sep Monthly (9/16) 92.50 Put for around $0.41, but adjust as needed to close today
Profit: $0.45, or $45 per contract