Crocs (CROX) is up more than 4% today. Let’s book profits now rather than risk holding a position in this volatile stock another week and a half (through the start of earnings season) and free up capital for new trades.
Current Stock Price: $126.88
Cash in Hand: $1.05
Action: Buy to close the CROX Apr Monthly (4/21) 112 Put for around $0.55, but adjust as needed to close today
Profit: $0.50, or $50 per contract