CVS Health (CVS) is holding up despite broader market weakness, and the premium on the option we sold has fallen by more than half in just a few days. Let’s book fast profits on the position now.
Current Stock Price: $94.95
Cash in Hand: $0.50
Action: Buy to close the CVS Jul Monthly (7/15) 91 Put for around $0.17, but adjust as needed to close today
Profit: $0.33, or $33 per contract