I am recommending we book fast profits on The Trade Desk (TTD), earning an excellent annualized rate of return and freeing up capital for new trades this week.
Current Stock Price: $43.80
Cash in Hand: $0.32
Action: Buy to close the TTD Jan Week Two (1/13) 38 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: $0.20, or $20 per contract
Rate of Return: 0.5% in four days, or 48% on an annualized basis