Devon Energy (DVN) is bucking today’s broader market sell-off. Let’s close the put now, booking a modest profit rather than risk having to roll out a week.
Current Stock Price: $61.35
Cash in Hand: $0.38
Action: Buy to close the DVN Sep Week Five (9/30) 58 Put for around $0.16, but adjust as needed to close today
Profit: $0.22, or $22 per contract