I am recommending we book profits on our Figs (FIGS), Intel (INTC) and Walgreens Boots Alliance (WBA) positions, freeing up capital for new trades.
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FIGS Dec Monthly (12/17) 30 Put
Current Stock Price: $32.51
Cash in Hand: $1.05
Action: Buy to close the FIGS Dec Monthly (12/17) 30 Put
Current Option Price: $0.60-$0.80
Recommended Limit: Set your initial limit order at $0.70, but adjust as needed to close today
Profit: $0.35, or $35 per contract
Rate of Return: 1.2% in 22 days, or 19% on an annualized basis
INTC Dec Week Two (12/10) 48 Put
Current Stock Price: $53.86
Cash in Hand: $0.49
Action: Buy to close the INTC Dec Week Two (12/10) 48 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: $0.47, or $47 per contract
Rate of Return: 1% in eight days, or 45% on an annualized basis
WBA Dec Monthly (12/17) 44 Put
Current Stock Price: $48.64
Cash in Hand: $0.67
Action: Buy to close the WBA Dec Monthly (12/17) 44 Put
Current Option Price: $0.13-$0.17
Recommended Limit: Set your initial limit order at $0.15, but adjust as needed to close today
Profit: $0.52, or $52 per contract
Rate of Return: 1.2% in eight days, or 54% on an annualized basis