D.R. Horton (DHI) is running up today. Let’s book fast profits.
Current Stock Price: $93.41
Cash in Hand: $1.73
Action: Buy to close the DHI Jul Monthly (7/16) 90 Put
Current Option Price: $0.52-$0.56
Recommended Limit: Set your initial limit order at $0.54, but adjust as needed to close today
Profit: $1.19, or $119 per contract
Rate of Return: 1.3% in two days, or 241% on an annualized basis