We’re going to play it a bit safe and exit our CVS Health (CVS) put. The premium had dropped by more than half with over a week and a half left till expiration. Let’s book profits now and free up capital for new trades.
Current Stock Price: $103.93
Cash in Hand: $0.82
Action: Buy to close the CVS Aug Monthly (8/19) 100 Put for around $0.38, but adjust as needed to close today
Profit: $0.44, or $44 per contract