I am recommending we book profits on our D.R. Horton (DHI) and United Airlines (UAL) puts.
DHI Aug Monthly (8/19) 70 Put
Current Stock Price: $79.10
Cash in Hand: $0.62
Action: Buy to close the DHI Aug Monthly (8/19) 70 Put
Current Option Price: $0.15-$0.20
Recommended Limit: Set your initial limit order at $0.18, but adjust as needed to close today
Profit: $0.44, or $44 per contract
Rate of Return: 0.6% in nine days, or 25% on an annualized basis
UAL Aug Monthly (8/19) 35 Put
Current Stock Price: $38.85
Cash in Hand: $0.46
Action: Buy to close the UAL Aug Monthly (8/19) 35 Put
Current Option Price: $0.16-$0.18
Recommended Limit: Set your initial limit order at $0.17, but adjust as needed to close today
Profit: $0.29, or $29 per contract
Rate of Return: 0.8% in two days, or 151% on an annualized basis