The premium on The Trade Desk (TTD) put we sold has dropped below our target closeout price following yesterday’s 3%-plus pop in the stock. Let’s book profits now.
Current Stock Price: $70.14
Cash in Hand: $0.56
Action: Buy to close the TTD 2 Jun 65 Put
Recommended Limit: Set your initial limit order at $0.09, but adjust as needed to close today
Profit: $0.47, or $47 per contract
Rate of Return: 0.7% in six days