Let’s book fast profits on our Marathon Petroleum (MPC) put, earning a 0.5% return in four days, or 49% annualized.
Current Stock Price: $119.51
Cash in Hand: $0.98
Action: Buy to close the MPC Nov Week Two (11/11) 111 Put for around $0.38, but adjust as needed to close today
Profit: $0.60, or $60 per contract