Let’s book fast profits on our Starbucks (SBUX) put rather than hold through the weekend given the uncertainty surrounding the debt ceiling debate. By closing now, we’ll earn a 0.3% return in three days, or 42% annualized.
Current Stock Price: $106.58
Cash in Hand: $0.93
Action: Buy to close the SBUX May Week Four (5/26) 105 Put for around $0.57, but adjust as needed to close today
Profit: $0.36, or $36 per contract