Let’s book profits on our SPDR S&P Regional Banking ETF (KRE) and Roku (ROKU) puts.
KRE Jul Week One (7/1) 55 Put
Current Stock Price: $59.13
Cash in Hand: $0.42
Action: Buy to close the KRE Jul Week One (7/1) 55 Put for around $0.17, but adjust as needed to close today
Profit: $0.25, or $25 per contract
ROKU Jul Week One (7/1) 80 Put
Current Stock Price: $97.41
Cash in Hand: $1.28
Action: Buy to close the ROKU Jul Week One (7/1) 80 Put for around $0.47, but adjust as needed to close today
Profit: $0.81, or $81 per contract