The market is rallying hard today, in part due to optimism about what easing inflation could mean for interest rates and in part due to a massive short squeeze.
Let’s take advantage of this by booking fast profits on First Solar (FSLR) and Roku (ROKU), earning annualized rates of return of 80% and 86%, respectively.
FSLR Nov Monthly (11/18) 135 Put
Current Stock Price: $156.52
Cash in Hand: $1.37
Action: Buy to close the FSLR Nov Monthly (11/18) 135 Put for around $0.48, but adjust as needed to close today
Profit: $0.89, or $89 per contract
ROKU Nov Week Two (11/11) 48 Put
Current Stock Price: $53.86
Cash in Hand: $0.43
Action: Buy to close the ROKU Nov Week Two (11/11) 48 Put for around $0.09, but adjust as needed to close today
Profit: $0.34, or $34 per contract