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