I am recommending we book fast profits on our Crocs (CROX) put, earning an excellent annualized rate of return.
Current Stock Price: $125.29
Cash in Hand: $0.80
Action: Buy to close the CROX Jan Monthly (1/20) 110 Put
Current Option Price: $0.35-$0.45
Recommended Limit: Set your initial limit order at $0.40, but adjust as needed to close today
Profit: $0.40, or $40 per contract
Rate of Return: 0.4% in two days, or 66% on an annualized basis