The Trade Desk (TTD) is up sharply this morning. Let’s book a profit now, earning an excellent annualized rate of return and freeing up capital for new trades.
Current Stock Price: $50.58
Cash in Hand: $0.43
Action: Buy to close the TTD Nov Monthly (11/18) 44 Put
Current Option Price: $0.12-$0.14
Recommended Limit: Set your initial limit order at $0.13, but adjust as needed to close today
Profit: $0.30, or $30 per contract
Rate of Return: 0.7% in five days, or 50% on an annualized basis