YETI Holdings (YETI) is running higher on no discernable news. Let’s book profits now.
Current Stock Price: $77.31
Cash in Hand: $4.35
Action: Buy to close the YETI Apr Monthly (4/16) 75 Put
Current Option Price: $1.35-$1.60
Recommended Limit: Set your initial limit order at $1.50, but adjust as needed to close today
Profit: $2.85, or $285 per contract
Rate of Return: 3.8% in 20 days, or 69% on an annualized basis