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I don’t trust the market today, so I am recommending we close our Tractor Supply (TSCO) put and take a nice profit from a short 3-day trade.
TSCO Aug Monthly (8/21) 140 Put
Current Stock Price: $148.74
Cash in Hand: $1.25
Action: Buy to close the TSCO Aug Monthly (8/21) 140 Put
Current Option Price: $0.40 – 0.45
Recommended Limit: Set your initial limit order at $0.45, but adjust as needed to close today
Profit: $0.80, or $80 per contract
Rate of Return: 0.57% in three days, or 70% on an annualized basis