Given how prone this market is to reversals, I want to play it safe and book profits on our ZIM Integrated Shipping Services (ZIM) put.
Current Stock Price: $62.29
Cash in Hand: $0.55
Action: Buy to close the ZIM May Week Two (5/13) 55 Put for around $0.05, but adjust as needed to close today
Profit: $0.50, or $50 per contract