Let’s pocket profits on our Chewy (CHWY), D.R. Horton (DHI) and General Motors (GM) positions, earning excellent rates of return.
CHWY Jan Monthly (1/15) 105 Put
Current Stock Price: $112.57
Cash in Hand: $1.09
Action: Buy to close the CHWY Jan Monthly (1/15) 105 Put
Current Option Price: $0.07-$0.13
Recommended Limit: Set your initial limit order at $0.10, but adjust as needed to close today
Profit: $0.99, or $99 per contract
Rate of Return: 0.9% in three days, or 115% on an annualized basis
DHI Jan Monthly (1/15) 65 Put
Current Stock Price: $68.95
Cash in Hand: $0.89
Action: Buy to close the DHI Jan Monthly (1/15) 65 Put
Current Option Price: $0.05-$0.08
Recommended Limit: Set your initial limit order at $0.07, but adjust as needed to close today
Profit: $0.82, or $82 per contract
Rate of Return: 1.3% in 10 days, or 46% on an annualized basis
GM Jan Monthly (1/15) 47.50 Put
Current Stock Price: $51.27
Cash in Hand: $0.73
Action: Buy to close the GM Jan Monthly (1/15) 47.50 Put
Current Option Price: $0.02-$0.03
Recommended Limit: Set your initial limit order at $0.03, but adjust as needed to close today
Profit: $0.70, or $70 per contract
Rate of Return: 1.5% in three days, or 179% on an annualized basis