Let’s book fast profits on The Trade Desk (TTD), earning an excellent annualized rate of return.
Current Stock Price: $60.63
Cash in Hand: $0.55
Action: Buy to close the TTD Apr Week One (4/6) 55 Put
Current Option Price: $0.20-$0.22
Recommended Limit: Set your initial limit order at $0.21, but adjust as needed to close today
Profit: $0.34, or $34 per contract
Rate of Return: 0.6% in three days, or 75% on an annualized basis