Roku (ROKU) is up more than 4% this morning and the put premium has dropped below our target closeout price. Let’s book profits now and free up capital for tomorrow’s Live Trading Session.
Current Stock Price: $58.71
Cash in Hand: $0.57
Action: Buy to close the ROKU 9 Jun 48 Put
Recommended Limit: Set your initial limit order at $0.14, but adjust as needed to close today
Profit: $0.43, or $43 per contract
Rate of Return: 0.9% in five days