Let’s not look a gift horse in the mouth. We have the chance to book excellent profits on our Crocs (CROX) and First Solar (FSLR) put positions in just over 24 hours, and we’re going to take it.
CROX May Monthly (5/21) 100 Put
Current Stock Price: $106.34
Cash in Hand: $3.50
Action: Buy to close the CROX May Monthly (5/21) 100 Put for around $1.60
Profit: $1.90, or $190 per contract
FSLR May Week One (5/7) 72 Put
Current Stock Price: $75.35
Cash in Hand: $1.11
Action: Buy to close the FSLR May Week One (5/7) 72 Put for around $0.30
Profit: $0.81, or $81 per contract