The Trade Desk (TTD) is up nearly 7% today. Let’s book fast profits on our put position.
Current Stock Price: $54.07
Cash in Hand: $0.50
Action: Buy to close the TTD Oct Monthly (10/21) 45 Put
Current Option Price: $0.13-$0.15
Recommended Limit: Set your initial limit order at $0.14, but adjust as needed to close today
Profit: $0.36, or $36 per contract
Rate of Return: 0.8% in four days, or 73% on an annualized basis