Let’s book profits on our Walt Disney (DIS) put.
Note: No action is needed on the DIS Feb Week Four (2/25) 143/138 Put Spread at this time.
Current Stock Price: $154.24
Cash in Hand: $1.24
Action: Buy to close the DIS Feb Monthly (2/18) 149 Put for around $0.48, but adjust as needed to close today
Profit: $0.76, or $76 per contract