Let’s book profits on our Crocs (CROX), Marvell Technology Group (MRVL) and Target (TGT) puts.

I am also recommending we roll our Starbucks (SBUX) position.

CROX Nov Monthly (11/20) 50 Put

Current Stock Price: $57.06

Cash in Hand: $1.75

Action: Buy to close the CROX Nov Monthly (11/20) 50 Put for around $0.48

Profit: $1.27, or $127 per contract

MRVL Nov Week One (11/6) 40 Put

Current Stock Price: $40.31

Cash in Hand: $1.08

Action: Buy to close the MRVL Nov Week One (11/6) 40 Put for around $0.31

Profit: $0.77, or $77 per contract

SBUX Nov Week One (11/6) 85 Put

Current Stock Price: $90.79

Cash in Hand: $11.29

Action:

• Buy to close the SBUX Nov Week One (11/6) 85 Put for around $0.03
• Sell to open the SBUX Nov Week Two (11/13) 87.50 Put for around $0.67
• Set initial credit limit at $0.64

New Net Debit: $10.65

TGT Nov Week One (11/6) 160 Put

Current Stock Price: $158.74

Cash in Hand: $4.24

Action: Buy to close the TGT Nov Week One (11/6) 160 Put for around $1.91

Profit: $2.33, or $233 per contract