Let’s book fast profits on our Chewy (CHWY) put, earning a 0.6% return in two days, or 103% annualized.
Current Stock Price: $32.85
Cash in Hand: $0.29
Action: Buy to close the CHWY Apr Week Four (4/28) 30 Put for around $0.12, but adjust as needed to close today
Profit: $0.17, or $17 per contract