Let’s book fast profits on our First Solar (FSLR) and Peloton Interactive (PTON) positions. There’s no sense looking a gift horse in the mouth in a market as bumpy as this one.
FSLR Sep Week Four (9/25) 60 Put
Current Stock Price: $61.63
Cash in Hand: $0.63
Action: Buy to close the FSLR Sep Week Four (9/25) 60 Put for around $0.40
Profit: $0.23, or $23 profit
PTON Sep Week Four (9/25) 84 Put
Current Stock Price: $94.37
Cash in Hand: $0.46
Action: Buy to close the PTON Sep Week Four (9/25) 84 Put for around $0.13
Profit: $0.33, or $33 profit