Let’s make hay while the sun is shining, i.e., market is rallying, by booking profits on our Roku (ROKU) put.
The annualized rate of return we will earn by closing early far exceeds our goal of 26% a year.
Current Stock Price: $86.52
Cash in Hand: $0.61
Action: Buy to close the ROKU Jul Week Four (7/22) 70 Put
Current Option Price: $0.21-$0.22
Recommended Limit: Set your initial limit order at $0.22, but adjust as needed to close today
Profit: $0.39, or $39 per contract
Rate of Return: 0.6% in four days, or 51% on an annualized basis