Our Kroger Co. (KR) trade has worked out exactly as hoped. Let’s book profits now.
Current Stock Price: $44.08
Cash in Hand: $0.42
Action: Buy to close the KR Feb Week One (2/4) 43 Put
Current Option Price: $0.12-$0.15
Recommended Limit: Set your initial limit order at $0.14, but adjust as needed to close today
Profit: $0.28, or $28 per contract
Rate of Return: 0.7% in two days, or 119% on an annualized basis