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