I am recommending we book fast profits on our Chewy (CHWY) put, earning an excellent annualized rate of return.
Current Stock Price: $48.67
Cash in Hand: $0.31
Action: Buy to close the CHWY Feb Monthly (2/17) 44 Put
Current Option Price: $0.06-$0.08
Recommended Limit: Set your initial limit order at $0.07, but adjust as needed to close today
Profit: $0.24, or $24 per contract
Rate of Return: 0.5% in two days, or 100% on an annualized basis