Our Roku (ROKU) put is well out of the money, but I want to play it safe and book profits. This is not the kind of market where it pays to hold on for a few more pennies of premium.
Current Stock Price: $98.20
Cash in Hand: $0.78
Action: Buy to close the ROKU May Monthly (5/20) 85 Put for around $0.02, but adjust as needed to close today
Profit: $0.76, or $76 per contract