Let’s take fast profits off the table with QuantumScape (QS) rather than risk watching them slip away.
Current Stock Price: $44.89
Cash in Hand: $0.40
Action: Buy to close the QS Apr Week One (4/1) 40 Put
Current Option Price: $0.05-$0.10
Recommended Limit: Set your initial limit order at $0.08, but adjust as needed to close today
Profit: $0.32, or $32 per contract
Rate of Return: 0.8% in two days, or 146% on an annualized basis