Let’s book profits on our Devon Energy (DVN) put, earning a 0.4% return in four days, or 33% annualized.
Current Stock Price: $69.83
Cash in Hand: $0.42
Action: Buy to close the DVN Oct Monthly (10/21) 63 Put for around $0.19, but adjust as needed to close today
Profit: $0.23, or $23 per contract