Our Chewy (CHWY) put is on track to expire worthless, meaning we will collect the maximum profit.
We are also on track to have our JPMorgan Chase (JPM) shares called away, resulting in a great return.
Finally, our Netflix (NFLX) spread is set to expire worthless. We’ll look to trade the stock again soon.
CHWY Feb Week One (2/5) 100 Put
Current Stock Price: $108.97
Cash in Hand: $1.34
Action: Watch put expire worthless
Profit: $1.34, or $134 per contract
JPM Feb Week One (2/5) 134 Call
Current Stock Price: $138.60
Cost Basis: $132.51
Action: Allow shares to be called away
Profit: $1.49, or $149 per 100 shares
NFLX Feb Week One (2/5) 520/510 Put Spread
Current Stock Price: $547.98
Cash in Hand: $0.75
Action: Watch spread expire worthless
Profit: $0.75, or $75 per spread