Both Crocs (CROX) and DICK’S Sporting Goods (DKS) are running up today while the broader market is down. The premiums on the puts we sold have fallen below our target closeout prices. Let’s close them now, booking solid profits.
CROX 16 Jun 99 Put
Current Stock Price: $111.85
Cash in Hand: $1.15
Action: Buy to close the CROX 16 Jun 99 Put
Recommended Limit: Set your initial limit order at $0.45, but adjust as needed to close today
Profit: $0.70, or $70 per contract
Rate of Return: 0.7% in six days
DKS 16 Jun 120 Put
Current Stock Price: $131.77
Cash in Hand: $1.25
Action: Buy to close the DKS 16 Jun 120 Put
Recommended Limit: Set your initial limit order at $0.25, but adjust as needed to close today
Profit: $1, or $100 per contract
Rate of Return: 0.8% in five days