We rolled our Crocs (CROX) put last week to avoid potential assignment and generate more income. With the stock running up the past two days, the premium has fallen below our target exit level. Let’s book profits now.
Current Stock Price: $108.86
Cash in Hand: $1.55
Action: Buy to close the CROX 7 Jul 103 Put
Recommended Limit: Set your initial limit order at $0.55, but adjust as needed to close today
Profit: $1, or $100 per contract
Rate of Return: 1% in 22 days