In this kind of market, you grab fast profits when you can. Let’s close our Lyft (LYFT) and Roku (ROKU) positions, taking money off the table and freeing up capital as we do so.
LYFT Mar Monthly (3/18) 32.50 Put
Current Stock Price: $39.21
Cash in Hand: $0.50
Action: Buy to close the LYFT Mar Monthly (3/18) 32.50 Put for around $0.20, but adjust as needed to close today
Profit: $0.30, or $30 per contract
ROKU Mar Week Two (3/11) 100 Put
Current Stock Price: $118.62
Cash in Hand: $0.50
Action: Buy to close the ROKU Mar Week Two (3/11) 100 Put for around $0.09, but adjust as needed to close today
Profit: $0.41, or $41 per contract