Let’s book fast profits on our Lennar (LEN) put, earning a 0.4% return in three days, or 51% annualized.
Current Stock Price: $80.64
Cash in Hand: $0.60
Action: Buy to close the LEN Nov Week One (11/4) 72 Put for around $0.30, but adjust as needed to close today
Profit: $0.30, or $30 per contract