It’s time to book profits on our monthly Crocs (CROX) put position.
Current Stock Price: $81.63
Cash in Hand: $1.65
Action: Buy to close the CROX Apr Monthly (4/16) 75 Put
Current Option Price: $0.50-$0.65
Recommended Limit: Set your initial limit order at $0.60, but adjust as needed to close today
Profit: $1.05, or $105 per contract
Rate of Return: 1.4% in 16 days, or 32% on an annualized basis