Let’s book fast profits on our Starbucks (SBUX) put, earning a 0.3% return in three days, or 35% annualized.
Current Stock Price: $105.42
Cash in Hand: $0.47
Action: Buy to close the SBUX Jan Week Two (1/13) 103 Put for around $0.17, but adjust as needed to close today
Profit: $0.30, or $30 per contract