Let’s book fast profits on our Delta Air Lines (DAL) put, earning a 0.8% return in two days, or 144% annualized.
Current Stock Price: $39.86
Cash in Hand: $0.51
Action: Buy to close the DAL Feb Week Two (2/10) 38 Put for around $0.21, but adjust as needed to close today
Profit: $0.30, or $30 per contract