Thor Industries (THO) has popped back above our put’s strike after a sharp sell-off. Let’s use this opportunity to exit the position at a small profit and free up capital for new trades.
Current Stock Price: $78.94
Cash in Hand: $1.10
Action: Buy to close the THO May Monthly (5/20) 75 Put for around $1, but adjust as needed to close today
Profit: $0.10, or $10 per contract