Let’s book profits on our Blackstone (BX) put, earning a 0.7% return in nine days, or 28% annualized, and freeing up capital for new trades next week.
Current Stock Price: $89.89
Cash in Hand: $0.88
Action: Buy to close the BX Dec Week One (12/2) 83 Put for around $0.30, but adjust as needed to close today
Profit: $0.58, or $58 per contract