Let’s book fast profits on our Starbucks (SBUX) put, earning a 0.6% return in two days, or 117% annualized.
Current Stock Price: $91.57
Cash in Hand: $0.60
Action: Buy to close the SBUX Sep Monthly (9/16) 84 Put for around $0.06, but adjust as needed to close today
Profit: $0.54, or $54 per contract