Let’s book profits on our Crocs (CROX) put, earning a 1.1% return in 13 days, or 30% annualized, and freeing up capital for new trades.
Current Stock Price: $98.65
Cash in Hand: $1.60
Action: Buy to close the CROX Dec Monthly (12/16) 80 Put for around $0.75, but adjust as needed to close today
Profit: $0.85, or $85 per contract