Crocs (CROX) is running up today with the broader market. Let’s book profits now.
Current Stock Price: $47.97
Cash in Hand: $0.85
Action: Buy to close the CROX Oct Monthly (10/16) 45 Put
Current Option Price: $0.15-$0.30
Recommended Limit: Set your initial limit order at $0.25, but adjust as needed to close today
Profit: $0.60, or $60 per contract
Rate of Return: 1.3% in seven days, or 70% on an annualized basis