I am recommending we close our PulteGroup (PHM) and Sunrun (RUN) puts, taking profits off the table and freeing up capital for new trades.
PHM Aug Week Four (8/27) 52 Put
Current Stock Price: $53.20
Cash in Hand: $0.87
Action: Buy to close the PHM Aug Week Four (8/27) 52 Put
Current Option Price: $0.20-$0.35
Recommended Limit: Set your initial limit order for $0.28, but adjust as needed to close today
Profit: $0.59, or $59 per contract
Rate of Return: 1.1% in 15 days, or 28% on an annualized basis
RUN Sep Monthly (9/17) 40 Put
Current Stock Price: $45.10
Cash in Hand: $1.85
Action: Buy to close the RUN Sep Monthly (9/17) 40 Put
Current Option Price: $0.85-$0.95
Recommended Limit: Set your initial limit order for $0.90, but adjust as needed to close today
Profit: $0.95, or $95 per contract
Rate of Return: 2.4% in eight days, or 108% on an annualized basis