Let’s book profits on our CVS Health (CVS) put.
Current Stock Price: $72.61
Cash in Hand: $0.56
Action: Buy to close the CVS Feb Monthly (2/19) 70 Put
Current Option Price: $0.05-$0.07
Recommended Limit Price: Set your initial limit order at $0.06, but adjust as needed to close today
Profit: $0.50, or $50 per contract
Rate of Return: 0.7% in three days, or 87% on an annualized basis