Let’s book profits on our Chewy (CHWY) and YETI Holdings (YETI) puts.
CHWY Aug Week Two (8/13) 87.50 Put
Current Stock Price: $91.16
Cash in Hand: $1.27
Action: Buy to close the CHWY Aug Week Two (8/13) 87.50 Put for around $0.45
Profit: $0.82, or $82 per contract
YETI Aug Monthly (8/20) 97.50 Put
Current Stock Price: $102.53
Cash in Hand: $1.75
Action: Buy to close the YETI Aug Monthly (8/20) 97.50 Put for around $0.75
Profit: $1, or $100 per contract