Let’s book fast profits on our JPMorgan Chase (JPM) put, earning a 0.3% return in two days, or 59% annualized.
Current Stock Price: $124.89
Cash in Hand: $0.80
Action: Buy to close the JPM Nov Week One (11/4) 117 Put for around $0.42, but adjust as needed to close today
Profit: $0.38, or $38 per contract