As I said last week, the plan is to lock in profits wherever we can ahead of next week’s Federal Reserve meeting.
With that in mind, let’s close our Roku (ROKU) put now.
Current Stock Price: $100.56
Cash in Hand: $1.47
Action: Buy to close the ROKU Jun Monthly (6/17) 80 Put for around $0.76, but adjust as needed to close today
Profit: $0.71, or $71 per contract