DoorDash (DASH) is up more than 2% today following the release of the latest consumer price index (CPI) report, which showed year-over-year headline inflation came in slightly below expectations at 4.9% in April, its slowest pace in two years.
The premium on our DASH put has fallen by more than half to below our target closeout price of $0.30. Let’s book profits now.
Current Stock Price: $69.11
Cash in Hand: $0.63
Action: Buy to close the DASH 19 May 63 Put
Recommended Limit: Set your initial limit order at $0.28, but adjust as needed to close today
Profit: $0.35, or $35 per contract
Rate of Return: 0.6% in one day