Citigroup (C) is up around 2% today. Let’s book fast profits now, earning an excellent annualized rate of return.
Current Stock Price: $69.44
Cash in Hand: $0.51
Action: Buy to close the C Jul Week Five (7/30) 67 Put
Current Option Price: $0.06-$0.07
Recommended Limit: Set your initial limit order at $0.07, but adjust as needed to close today
Profit: $0.44, or $44 per contract
Rate of Return: 0.7% in three days, or 80% on an annualized basis