Our Chewy (CHWY) put and Roku (ROKU) bull put spread are on track to expire worthless.
I consider the CHWY trade to be a great success. By exercising patience with our recovery trade, we were able to turn a big paper loss into a small profit.
With ROKU, we will earn a 5% return on our capital in 10 days, which works out to an astounding 184% annualized return. We will look to trade ROKU again soon.
CHWY Jul Week Two (7/9) 78.50 Put
Current Stock Price: $83.22
Cash in Hand: $0.17
Action: Watch put expire worthless
Profit: $0.17, or $17 per contract
ROKU Jul Week Two (7/9) 400/390 Put Spread
Current Stock Price: $420.94
Cash in Hand: $0.48
Action: Watch spread expire worthless
Profit: $0.48, or $48 per spread