Blackstone (BX) is up nearly 4% today. Let’s book profits on our put now, earning a 1.1% return in nine days, or 43% annualized.
Current Stock Price: $89.72
Cash in Hand: $1.46
Action: Buy to close the BX Apr Week Four (4/28) 90 Put for around $0.51, but adjust as needed to close today
Profit: $0.95, or $95 per contract