Let’s book profits on our Corning (GLW) position.
Current Stock Price: $43.91
Cash in Hand: $0.98
Action: Buy to close the GLW May Week Four (5/28) 44 Put
Current Option Price: $0.28-$0.37
Recommended Limit: Set your initial limit order at $0.33, but adjust as needed to close the position today
Profit: $0.65, or $65 per contract
Rate of Return: 1.5% in 10 days, or 54% on an annualized basis