Let’s book profits on our Kroger (KR) and The Trade Desk (TTD) puts rather than risk shares reversing.
KR Feb Week Four (2/25) 45 Put
Current Stock Price: $45.45
Cash in Hand: $0.50
Action: Buy to close the KR Feb Week Four (2/25) 45 Put
Current Stock Price: $0.12-$0.14
Recommended Limit: Set your initial limit order at $0.13, but adjust as needed to close today
Profit: $0.37, or $37 per contract
Rate of Return: 0.8% in 11 days, or 27% on an annualized basis
TTD Feb Week Four (2/25) 70 Put
Current Stock Price: $82.62
Cash In Hand: $0.60
Action: Buy to close the TTD Feb Week Four (2/25) 70 Put
Current Stock Price: $0.01-$0.03
Recommended Limit: Set your initial limit order at $0.02, but adjust as needed to close today
Profit: $0.58, or $58 per contract
Rate of Return: 0.8% in four days, or 76% on an annualized basis