Let’s book profits on our Kroger Co. (KR) position.
Current Stock Price: $49.15
Cash in Hand: $0.47
Action: Buy to close the KR Jan Week Two (1/14) 45 Put
Current Option Price: $0.04-$0.05
Recommended Limit: Set your initial limit order at $0.05, but adjust as needed to close today
Profit: $0.42, or $42 per contract
Rate of Return: 0.9% in eight days, or 43% on an annualized basis