Let’s book profits on our Zoom Video Communications (ZM) put, earning a 0.4% return in five days, or 29% annualized.
Current Stock Price: $61.59
Cash in Hand: $0.49
Action: Buy to close the ZM May Week One (5/5) 58 Put for around $0.26, but adjust as needed to close today
Profit: $0.23, or $23 per contract