ZIM Integrated Shipping Services (ZIM) is up around 5% today. Let’s use this opportunity to book fast profits on our put position.
Current Stock Price: $68.16
Cash in Hand: $0.65
Action: Buy to close the ZIM May Week Four (5/27) 55 Put
Current Option Price: $0.15-$0.25
Recommended Limit: Set your initial limit order at $0.20, but adjust as needed to close today
Profit: $0.45, or $45 per contract
Rate of Return: 0.8% in five days, or 60% on an annualized basis