I am recommending we book fast profits on our United Airlines (UAL) put, earning an excellent annualized rate of return.
Current Stock Price: $50.98
Cash in Hand: $0.38
Action: Buy to close the UAL Mar Week One (3/3) 46 Put
Current Option Price: $0.09 – $0.11
Recommended Limit: Set your initial limit order at $0.10 but adjust as needed to close today
Profit: $0.28, or $28 per contract
Rate of Return: 0.6% in three days, or 74% on an annualized basis