I am recommending we close our Bank of America (BAC) put.
Current Stock Price: $36.24
Cash in Hand: $0.40
Action: Buy to close the BAC Mar Week One (3/5) 35.50 Put
Current Option Price: $0.11-$0.12
Recommended Limit: Set your initial limit order at $0.12, but adjust as needed to close today
Profit: $0.28, or $28 per contract
Rate of Return: 0.8% in three days, or 96% on an annualized basis