Let’s book profits on Sunrun (RUN).
Current Stock Price: $54.81
Cash in Hand: $2.35
Action: Buy to close the RUN Jul Monthly (7/16) 55 Put
Current Option Price: $1.55-$1.60
Recommended Limit: Set your initial limit order at $1.60, but adjust as needed to close today
Profit: $0.75, or $75 per contract
Rate of Return: 1.4% in 15 days, or 33% on an annualized basis