Let’s book fast profits on our Uber (UBER) put, earning a 0.6% return in three days, or 72% annualized.
Current Stock Price: $38.55
Cash in Hand: $0.45
Action: Buy to close the UBER May Week Four (5/26) 37 Put for around $0.23, but adjust as needed to close today
Profit: $0.22, or $22 per contract