Let’s book fast profits on our Crocs (CROX) and Starbucks (SBUX) puts, earning annualized returns of 100% and 96%, respectively.
CROX Nov Monthly (11/18) 80 Put
Current Stock Price: $97.30
Cash in Hand: $0.62
Action: Buy to close the CROX Nov Monthly (11/18) 80 Put for around $0.18, but adjust as needed to close today
Profit: $0.44, or $44 per contract
SBUX Nov Monthly (11/18) 91 Put
Current Stock Price: $98.44
Cash in Hand: $0.70
Action: Buy to close the SBUX Nov Monthly (11/18) 91 Put for around $0.22, but adjust as needed to close today
Profit: $0.48, or $48 per contract