Let’s book fast profits on our Crocs (CROX) put, earning a 0.7% return in two days, or 136% annualized. There’s simply too much cash on the table to pass up.
Even those who got in at the go as low as price of $2.45 will make a 0.6% return, or 102% annualized.
Current Stock Price: $118.57
Cash in Hand: $2.65
Action: Buy to close the CROX Apr Monthly (4/21) 107 Put for around $1.85, but adjust as needed to close today
Profit: $0.80, or $80 per contract