Let’s keep the profits rolling in by closing our United Airlines (UAL) put.
Current Stock Price: $43.98
Cash in Hand: $0.40
Action: Buy to close the UAL Nov Monthly (11/18) 40 Put
Current Option Price: $0.15-$0.17
Recommended Limit: Set your initial limit order at $0.16, but adjust as needed to close today
Profit: $0.24, or $24 per contract
Rate of Return: 0.6% in three days, or 73% on an annualized basis