Let’s book fast profits on our Southwest Airlines (LUV) put, earning a 0.5% return in two days, or 93% annualized, and closing our first winning trade of the new year.
Current Stock Price: $33.22
Cash in Hand: $0.24
Action: Buy to close the LUV Jan Week One (1/6) 31.50 Put for around $0.08, but adjust as needed to close today
Profit: $0.16, or $16 per contract