Let’s book fast profits on our Devon Energy (DVN) put, earning an excellent annualized rate of return.
Current Stock Price: $55.15
Cash in Hand: $0.44
Action: Buy to close the DVN 21 Apr 52 Put
Current Option Price: $0.20-$0.21
Recommended Limit: Set your initial limit order at $0.21, but adjust as needed to close today
Profit: $0.23, or $23 per contract
Rate of Return: 0.4% in three days, or 54% on an annualized basis