We’re not day traders, but the profits in Brinker International (EAT) are simply too good to pass up. Let’s close it now.
Current Stock Price: $64.13
Cash in Hand: $1.10
Action: Buy to close the EAT Jun Monthly (6/18) 60 Put
Current Option Price: $0.50-$0.60
Recommended Limit: Set your initial limit order at $0.55, but adjust as needed to close today
Profit: $0.55, or $55 per contract
Rate of Return: 0.9% in two days, or 167% on an annualized basis