Let’s book profits on our Cheniere Energy (LNG) put, earning a 0.6% return in seven days, or 30% annualized.
Current Stock Price: $148.98
Cash in Hand: $1.45
Action: Buy to close the LNG May Monthly (5/19) 140 Put for around $0.65, but adjust as needed to close today
Profit: $0.80, or $80 per contract