Let’s book a fast profit on our Roku (ROKU) put, earning 0.7% in six days, or 43% annualized. While our put is well out of the money, this is a volatile stock that could see an outsized move tomorrow if the market responds negatively to the Federal Reserve’s meeting minutes.
Current Stock Price: $84.10
Cash in Hand: $0.86
Action: Buy to close the ROKU Aug Monthly (8/19) 75 Put for around $0.33, but adjust as needed to close today
Profit: $0.53, or $53 per contract