Crocs (CROX) is up nearly 7% today. Let’s book fast profits on our put position, earning a 1% return in just three days.
Current Stock Price: $55.81
Cash in Hand: $0.65
Action: Buy to close the CROX Jul Monthly (7/15) 45 Put
Current Option Price: $0.15-$0.25
Recommended Limit: Set your initial limit order at $0.20, but adjust as needed to close today
Profit: $0.45, or $45 per contract
Rate of Return: 1% in three days, or 122% on an annualized basis