Let’s book profits on our Chewy (CHWY) and Micron Technology (MU) positions.
CHWY Feb Monthly (2/19) 100 Put
Current Stock Price: $110.31
Cash in Hand: $1.19
Action: Buy to close the CHWY Feb Monthly (2/19) 100 Put for around $0.12
Profit: $1.07, or $107 per contract
CHWY Feb Monthly (2/19) 100/90 Put Spread
Cash in Hand: $1.04
Action:
- Buy to close the CHWY Feb Monthly (2/19) 100 Put for around $0.12
- Watch the CHWY Feb Monthly (2/19) 90 Put expire worthless
Profit: $0.92, or $92 per spread
MU Feb Monthly (2/19) 82.50 Put
Current Stock Price: $86.98
Cash in Hand: $4.07
Action: Buy to close the MU Feb Monthly (2/19) 82.50 Put for around $0.05
Profit: $4.02, or $402 per contract