Let’s book fast profits on our Crocs (CROX) put.
Current Stock Price: $81.22
Cash in Hand: $0.95
Action: Buy to close the CROX Nov Monthly (11/18) 70 Put
Current Option Price: $0.50-$0.60
Recommended Limit: Set your initial limit order at $0.55, but adjust as needed to close today
Profit: $0.40, or $40 per contract
Rate of Return: 0.6% in five days, or 42% on an annualized basis