Figs (FIGS) is up more than 15% on no real news. With the company expected to announce earnings next week, it makes sense to book a large profit now.
Current Stock Price: $39.56
Cash in Hand: $2.15
Action: Buy to close the FIGS Nov Monthly (11/19) 35 Put for around $1.28, but adjust as needed to close today
Profit: $0.87, or $87 per contract