We’re not day traders, but we’re also not the kind of traders who overlook an excellent profit in a matter of hours!
Let’s exit our Roku (ROKU) put now, closing our second profitable short-term trade on this stock in just over a week for a very large annualized rate of return.
Current Stock Price: $88.81
Cash in Hand: $0.44
Action: Buy to close the ROKU Jul Week Four (7/22) 75 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: $0.22, or $22 per contract
Rate of Return: 0.3% in one day, or 107% on an annualized basis