United Airlines (UAL) is up nearly 5% today. Let’s book profits on our put, earning an excellent annualized rate of return.
Current Stock Price: $40.90
Cash in Hand: $0.29
Action: Buy to close the UAL Oct Week Four (10/28) 36 Put
Current Option Price: $0.10-$0.11
Recommended Limit: Set your initial limit order at $0.11, but adjust as needed to close today
Profit: $0.18, or $18 per contract
Rate of Return: 0.5% in three days, or 61% on an annualized basis