Let’s book fast profits on our Corning (GLW) position, earning an excellent rate of return and freeing up capital for new trades.
Current Stock Price: $31.70
Cash in Hand: $0.36
Action: Buy to close the GLW Aug Week One (8/7) 30.50 Put
Current Option Price: $0.05-$0.07
Recommended Limit: Set your initial limit order at $0.06, but adjust as needed to close today
Profit: $0.30, or $30 per contract
Rate of Return: 1% in three days, or 120% on an annualized basis