Let’s book profits on our Crocs (CROX) put now rather than hanging on another week for just $0.20 in premium.
Current Stock Price: $132.62
Cash in Hand: $0.73
Action: Buy to close the CROX 21 Apr 115 Put
Current Option Price: $0.10-$0.30
Recommended Limit: Set your initial limit order at $0.20, but adjust as needed to close today
Profit: $0.53, or $53 per contract
Rate of Return: 0.5% in four days, or 42% on an annualized basis