Let’s book fast profits on The Trade Desk (TTD), earning an excellent annualized rate of return.
Current Stock Price: $49.11
Action: Buy to close the TTD Dec Monthly (12/16) 42 Put
Cash in Hand: $0.47
Current Option Price: $0.28-$0.32
Recommended Limit: Set your initial limit order at $0.30, but adjust as needed to close today
Profit: $0.17, or $17 per contract
Rate of Return: 0.4% in three days, or 49% on an annualized basis