Let’s book profits on our Dollar General (DG), McDonald’s (MCD) and Target (TGT) put positions.
DG Aug Week One (8/7) 190 Put
Note: No action is needed on the DG Aug Monthly (8/21) 180/177.50 Put Spread at this time.
Current Stock Price: $193.90
Cash in Hand: $2.10
Action: Buy to close the DG Aug Week One (8/7) 190 Put for around $0.55
Profit: $1.55, or $155 per contract
MCD Aug Week One (8/7) 195 Put
Note: No action is needed on the MCD Aug Week One (8/7) 190/185 Put Spread at this time.
Current Stock Price: $198.50
Cash in Hand: $1.99
Action: Buy to close the MCD Aug Week One (8/7) 195 Put for around $0.61
Profit: $1.38, or $138 per contract
TGT Aug Week One (8/7) 120 Put
Current Stock Price: $129.64
Cash in Hand: $0.26
Action: Buy to close the TGT Aug Week One (8/7) 120 Put for around $0.03
Profit: $0.23, or $23 per contract