Let’s book profits on our Etsy (ETSY) and Western Digital (WDC) puts.
And I am recommending we accept shares of SPDR S&P Regional Banking ETF (KRE). We will sell a call to reduce our cost basis soon.
ETSY Jun Week Two (6/11) 165 Put
Current Stock Price: $166.55
Cash in Hand: $1.21
Action: Buy to close the ETSY Jun Week Two (6/11) 165 Put for around $0.49
Profit: $0.72, or $72 per contract
KRE Jun Week Two (6/11) 71 Put
Current Stock Price: $68.43
Cash in Hand: $1
Action: Accept shares
Cost Basis: $70
WDC Jun Week Two (6/11) 75 Put
Current Stock Price: $76.19
Cash in Hand: $0.99
Action: Buy to close the WDC Jun Week Two (6/11) 75 Put for around $0.14
Profit: $0.85, or $85 per contract