Let’s book profits on our CVS Health (CVS), Chewy (CHWY) and Intel (INTC) puts now rather than sweating it out through the close today. Each will yield an excellent rate of return even after we give back some cash.
And our patience with Twitter (TWTR) has paid off, as our shares are on track to be called away at a profit.
CVS Apr Monthly (4/16) 75 Put
Current Stock Price: $75.81
Cash in Hand: $1.05
Action: Buy to close the CVS Apr Monthly (4/16) 75 Put
Current Option Price: $0.03-$0.04
Recommended Limit: Set your initial limit order at $0.04, but adjust as needed to close today
Profit: $1.01, or $101 per contract
Rate of Return: 1.3% in 11 days, or 45% on an annualized basis
CHWY Apr Monthly (4/16) 82.50 Put
Current Stock Price: $83.53
Cash in Hand: $0.71
Action: Buy to close the CHWY Apr Monthly (4/16) 82.50 Put
Current Option Price: $0.09-$0.12
Recommended Limit: Set your initial limit order at $0.11, but adjust as needed to close today
Profit: $0.60, or $60 per contract
Rate of Return: 0.7% in four days, or 66% on an annualized basis
INTC Apr Monthly (4/16) 64 Put
Current Stock Price: $64.72
Cash in Hand: $0.57
Action: Buy to close the INTC Apr Monthly (4/16) 64 Put
Current Option Price: $0.01-$0.02
Recommended Limit: Set your initial limit order at $0.02, but adjust as needed to close today
Profit: $0.55, or $55 per contract
Rate of Return: 0.9% in four days, or 78% on an annualized basis
TWTR Apr Monthly (4/16) 68 Call
Current Stock Price: $69.95
Cost Basis: $65.83
Action: Allow shares to be called away
Profit: $2.17, or $217 per 100 shares
Rate of Return: 2.9% in 60 days, or 18% on an annualized basis