Let’s book fast profits on our Roku (ROKU) put.
Current Stock Price: $71.12
Cash in Hand: $1.65
Action: Buy to close the ROKU Sep Monthly (9/16) 60 Put
Current Option Price: $1.20-$1.24
Recommended Limit: Set your initial limit order at $1.22, but adjust as needed to close today
Profit: $0.43, or $43 per contract
Rate of Return: 0.7% in three days, or 87% on an annualized basis