Let’s book profits on our Skechers (SKX) put.
Current Stock Price: $39.38
Cash in Hand: $0.55
Action: Buy to close the SKX Apr Week Four (4/22) 35 Put
Current Option Price: $0.05-$0.10
Recommended Limit: Set your initial limit order at $0.08, but adjust as needed to close today
Profit: $0.47, or $47 per contract
Rate of Return: 1.3% in seven days, or 70% on an annualized basis