Let’s book fast profits on our Blackstone (BX) and Roku (ROKU) puts, boosting our annualized rates of return to 42% and 94%, respectively.
BX Aug Week Two (8/12) 95 Put
Current Stock Price: $102.14
Cash in Hand: $0.84
Action: Buy to close the BX Aug Week Two (8/12) 95 Put for around $0.40, but adjust as needed to close today
Profit: $0.44, or $44 per contract
ROKU Aug Week Two (8/12) 70 Put
Current Stock Price: $82.325
Cash in Hand: $0.73
Action: Buy to close the ROKU Aug Week Two (8/12) 70 Put for around $0.37, but adjust as needed to close today
Profit: $0.36, or $36 per contract