Chewy (CHWY) popped this morning. Let’s book profits on our put, earning a 0.9% return in six days, or 55% annualized.
Current Stock Price: $35.55
Cash in Hand: $0.39
Action: Buy to close the CHWY Mar Week Five (3/31) 32 Put for around $0.10, but adjust as needed to close today
Profit: $0.29, or $29 per contract