I am recommending we book fast profits on our Chewy (CHW) put, earning an excellent annualized rate of return.
I also want to close United Airlines (UAL) with a small profit rather than risk having to roll it out into the new year.
CHWY Dec Week Four (12/23) 38 Put
Current Stock Price: $41.42
Cash in Hand: $0.35
Action: Buy to close the CHWY Dec Week Four (12/23) 38 Put
Current Option Price: $0.08-$0.09
Recommended Limit: Set your initial limit order at $0.09, but adjust as needed to close today
Profit: $0.26, or $26 per contract
Rate of Return: 0.7% in two days, or 125% on an annualized basis
UAL Dec Week Four (12/23) 39.50 Put
Current Stock Price: $39.25
Cash in Hand: $0.72
Action: Buy to close the UAL Dec Week Four (12/23) 39.50 Put
Current Option Price: $0.64-$0.70
Recommended Limit: Set your initial limit order at $0.67, but adjust as needed to close today
Profit: $0.05, or $5 per contract
Rate of Return: 0.1% in nine days, or 5% on an annualized basis