I am recommending that we book profits on our Figs (FIGS) put. While we’re giving back so cash to do so, we’re booking a 1.9% return in four days, or 169% annualized.
Current Stock Price: $39.45
Cash in Hand: $1.50
Action: Buy to close the FIGS Oct Monthly (10/15) 35 Put for around $0.85
Profit: $0.65, or $65 per contract