Let’s book fast profits on Roku (ROKU), which is up around 6% today, for a huge annualized rate of return.
I also want to exit our position on The Trade Desk (TTD). While we did not hit our rate of return goal on this one, I’d rather play it safe than risk rolling this volatile stock out past the holiday weekend.
ROKU Sep Week Two (9/9) 60 Put
Current Stock Price: $70.83
Cash in Hand: $0.95
Action: Buy to close the ROKU Sep Week Two (9/9) 60 Put
Current Option Price: $0.36-$0.39
Recommended Limit: Set your initial limit order at $0.38, but adjust as needed to close today
Profit: $0.57, or $57 per contract
Rate of Return: 1% in two days, or 173% on an annualized basis
TTD Sep Week One (9/2) 60 Put
Current Stock Price: $64.79
Cash in Hand: $0.63
Action: Buy to close the TTD Sep Week One (9/2) 60 Put
Current Option Price: $0.22-$0.28
Recommended Limit: Set your initial limit order at $0.25, but adjust as needed to close today
Profit: $0.38, or $38 per contract
Rate of Return: 0.6% in 14 days, or 17% on an annualized basis