Walgreens Boots Alliance (WBA) is giving us the opportunity to take profits. Let’s not pass it up.
Current Stock Price: $54.88
Cash in Hand: $1.07
Action: Buy to close the WBA Jun Week One (6/4) 55.50 Put
Current Option Price: $0.61-$0.79
Recommended Limit: Set your initial limit order at $0.70, but adjust as needed to close today
Profit: $0.37, or $37 per contract
Rate of Return: 0.7% in 18 days, or 14% on an annualized basis