Sonos (SONO) is struggling to climb above $35 — the strike price of our put. Given there are only monthlies in the option chains, I want to close now with a small profit rather than roll the position.
Current Stock Price: $34.39
Cash in Hand: $0.82
Action: Buy to close the SONO Jun Monthly (6/18) 35 Put for around $0.75
Profit: $0.07, or $7 per contract