Let’s put some capital to work with a new position on digital-advertising platform operator The Trade Desk (TTD), a stock we have traded successfully six times already this year.
I am recommending a silly put that expires next week. Of course, we will look to book a profit early if we can and boost our annualized rate of return.
Current Stock Price: $48.85
Action: Sell to open TTD Nov Monthly (11/18) 44 Put
Current Option Price: $0.39-$0.48
Recommended Limit: Set your initial limit order at $0.43. You can go as low as $0.34, but please don’t start there and always use limit orders.
Expiration: After the close on Friday, Nov. 18
Potential Rate of Return: 1% in eight days, or 45% annualized, if this option expires worthless