I am recommending we book profits on Apple (AAPL) after rolling the position last week to generate more income.

Current Stock Price: $114.17

Cash in Hand: $3.45

Action: Buy to close the AAPL Oct Week One (10/2) 110 Put

Current Option Price: $0.57-$0.58

Recommended Limit: Set your initial limit order at $0.58, but adjust as needed to close today

Profit: $2.87, or $287 per contract

Rate of Return: 2.6% in 14 days, or 68% on an annualized basis