Let’s book profits on Twitter (TWTR). We may trade the stock again after earnings come out.
Current Stock Price: $51.20
Cash in Hand: $0.46
Action: Buy to close the TWTR Jan Week Five (1/29) 49 Put
Current Option Price: $0.09-$0.10
Recommended Limit: Set your initial limit order at $0.10, but adjust as needed to close today
Profit: $0.36, or $36 per contract
Rate of Return: 0.7% in three days, or 89% on an annualized basis