I am recommending we close our Micron Technology (MU) and QuantumScape (QS) positions, booking excellent profits and freeing up capital for new trades.
MU Mar Week One (3/5) 85 Put
Current Stock Price: $94.29
Cash in Hand: $1.75
Action: Buy to close the MU Mar Week One (3/5) 85 Put
Current Option Price: $0.15-$0.20
Recommended Limit: Set your initial limit order at $0.18, but adjust as needed to close today
Profit: $1.57, or $157 per contract
Rate of Return: 1.8% in eight days, or 84% on an annualized basis
QS Mar Week One (3/5) 50 Put
Current Stock Price: $59.40
Cash in Hand: $1.40
Action: Buy to close the QS Mar Week One (3/5) 50 Put
Current Option Price: $0.15-$0.20
Recommended Limit: Set your initial limit order at $0.18, but adjust as needed to close today
Profit: $1.22, or $122 per contract
Rate of Return: 2.4% in eight days, or 111% on an annualized basis