Let’s book excellent profits on CVS Health (CVS), First Solar (FSLR) and Invesco Solar ETF (TAN).
CVS Apr Week Four (4/23) 76 Put
Current Stock Price: $76.70
Cash in Hand: $1.10
Action: Buy to close the CVS Apr Week Four (4/23) 76 Put
Current Option Price: $0.42-$0.44
Recommended Limit: Set your initial limit order at $0.42, but adjust as needed to close today
Profit: $0.68, or $68 per contract
Rate of Return: 0.9% in two days, or 163% on an annualized basis
FSLR Apr Week Four (4/23) 80 Put
Current Stock Price: $82.57
Cash in Hand: $1.82
Action: Buy to close the FSLR Apr Week Four (4/23) 80 Put
Current Option Price: $0.36-$0.43
Recommended Limit: Set your initial limit order at $0.40, but adjust as needed to close today
Profit: $1.42, or $142 per contract
Rate of Return: 1.8% in 16 days, or 40% on an annualized basis
TAN Apr Week Four (4/23) 80 Put
Current Stock Price: $84.80
Cash in Hand: $0.95
Action: Buy to close the TAN Apr Week Four (4/23) 80 Put
Current Option Price: $0.10-$0.15
Recommended Limit: Set your initial limit order at $0.13, but adjust as needed to close today
Profit: $0.82, or $82 per contract
Rate of Return: 1% in two days, or 187% on an annualized basis