The premium on our Blackstone (BX) put is down by a third in less than 24 hours. Let’s book profits now, earning a 0.4% return, or 71% annualized.
Current Stock Price: $98.49
Cash in Hand: $0.97
Action: Buy to close the BX Jul Week Five (7/29) 90 Put for around $0.62, but adjust as needed to close today
Profit: $0.35, or $35 per contract