Let’s book profits on our Block (SQ) put, earning a 0.6% return in three days, or 71% annualized.
Current Stock Price: $78.17
Cash in Hand: $0.72
Action: Buy to close the SQ Mar Week Two (3/10) 70 Put for around $0.31, but adjust as needed to close today
Profit: $0.41, or $41 per contract