Let’s book profits on our Crocs (CROX) put, earning a 0.6% return in four days, or 59% annualized. We’ll also free up capital for some new trades that are on the way.
Current Stock Price: $77.50
Cash in Hand: $0.67
Action: Buy to close the CROX Oct Monthly (10/21) 65 Put for around $0.25, but adjust as needed to close today
Profit: $0.42, or $42 per contract