Zoom (ZM)
Let’s book profits on our Zoom (ZM) put, earning a 0.6% return in 3 days, or 75% annualized.
Current Stock Price: $66.20
Cash in Hand: $0.63
Action: Buy to close the ZM May Week Four (5/26) 64 Put for around $0.16 – 0.22, but adjust as needed to close today
Profit: $0.41, or $41 per contract
Dicks Sporting Goods (DKS)
Let’s book profits on our Dicks Sporting Goods (DKS) put, earning a 0.5% return in 3 days, or 67% annualized.
Current Stock Price: $124.71
Cash in Hand: $0.95
Action: Buy to close the DKS May Week Four (5/26) 123 Put for around $0.25, but adjust as needed to close today
Profit: $0.70, or $70 per contract