I am recommending we book fast profits on our Block (SQ) put, earning an excellent annualized rate of return.
Current Stock Price: $71.15
Cash in Hand: $0.42
Action: Buy to close the SQ Jan Week Two (1/13) 62.50 Put
Current Option Price: $0.11-$0.12
Recommended Limit: Set your initial limit order at $0.12, but adjust as needed to close today
Profit: $0.30, or $30 per contract
Rate of Return: 0.5% in two days, or 88% on an annualized basis