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Income Masters Trade Alert: MAR, MPC

Let’s book profits on our Marriott (MAR) and Marathon Petroleum (MPC) puts, earning annualized returns of 32% and 57%, respectively.

MAR Mar Week One (3/3) 167.50 Put

Current Stock Price: $171.90

Cash in Hand: $1.75

Action: Buy to close the MAR Mar Week One (3/3) 167.50 Put for around $0.73, but adjust as needed to close today

Profit: $1.02, or $102 per contract

MPC Mar Week One (3/3) 120 Put

Current Stock Price: $126.45

Cash in Hand: $1.24

Action: Buy to close the MPC Mar Week One (3/3) 120 Put for around $0.31, but adjust as needed to close today

Profit: $0.93, or $93 per contract

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