Let’s book fast profits on our Lennar (LEN) put, earning a 0.4% return in two days, or 75% annualized.
Current Stock Price: $100.80
Cash in Hand: $0.55
Action: Buy to close the LEN Jan Monthly (1/20) 97.50 Put for around $0.15, but adjust as needed to close today
Profit: $0.40, or $40 per contract