I am recommending we close our Western Digital (WDC) put with a small profit rather than roll it out another week.
Current Stock Price: $47.76
Cash in Hand: $0.28
Action: Buy to close the WDC Apr Week Two (4/8) 47.50 Put
Current Option Price: $0.20-$0.24
Recommended Limit: Set your initial limit order at $0.22, but adjust as needed to close today
Profit: $0.06, or $6 per contract
Rate of Return: 0.1% in four days, or 12% on an annualized basis