Let’s keep the profits rolling in by exiting our CVS Health (CVS) put.
In addition to earning a 0.8% return in two days, or 150% annualized, we’ll reduce our risk ahead of the long weekend and free up capital for new trades next week.
Current Stock Price: $101
Cash in Hand: $1.52
Action: Buy to close the CVS Sep Week Two (9/9) 100 Put for around $0.70, but adjust as needed to close today
Profit: $0.82, or $82 per contract