Let’s book fast profits on The Trade Desk (TTD). While the midpoint is a penny above our target closeout, the stock is up around 3% today. Let’s not risk watching it reverse and instead put that cash in our pockets. If you work your limit order, you may be able to get out for $0.30.
Current Stock Price: $66.09
Cash in Hand: $0.62
Action: Buy to close the TTD 26 May 61 Put
Recommended Limit: Set your initial limit order at $0.31, but adjust as needed to close today
Profit: $0.31, or $31 per contract
Rate of Return: 0.5% in one day