I am recommending we book profits on our General Motors (GM), Pfizer (PFE), QuantumScape (QS) and Twitter (TWTR) positions.
Given the recent bouts of unexpected volatility, this is the smart move. And since we are freeing up a lot of capital with these closeouts, it’s possible I will open new positions via alert. So, keep an eye out.
GM Feb Week One (2/5) 52.50 Put
Current Stock Price: $54.12
Cash in Hand: $1.19
Action: Buy to close the GM Feb Week One (2/5) 52.50 Put
Current Option Price: $0.12-$0.13
Recommended Limit: Set your initial limit order at $0.13, but adjust as needed to close today
Profit: $1.06, or $106 per contract
Rate of Return: 2% in 10 days, or 74% on an annualized basis
PFE Feb Week One (2/5) 34.50 Put
Current Stock Price: $34.83
Cash in Hand: $0.36
Action: Buy to close the PFE Feb Week One (2/5) 34.50 Put
Current Option Price: $0.05-$0.06
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: 0.9% in three days, or 106% on an annualized basis
QS Feb Week One (2/5) 37 Put
Current Stock Price: $47.65
Cash in Hand: $0.40
Action: Buy to close the QS Feb Week One (2/5) 37 Put
Current Option Price: $0-$0.10
Recommended Limit: Set your initial limit order at $0.05, but adjust as needed to close today
Profit: $0.35, or $35 per contract
Rate of Return: 0.9% in three days, or 115% on an annualized basis
TWTR Feb Week One (2/5) 51 Put
Current Stock Price: $55.05
Cash in Hand: $0.39
Action: Buy to close the TWTR Feb Week One (2/5) 51 Put
Current Option Price: $0.03-$0.04
Recommended Limit: Set your initial limit order at $0.04, but adjust as needed to close today
Profit: $0.35, or $35 per contract
Rate of Return: 0.7% in three days, or 83% on an annualized basis