DoorDash (DASH) is up around 3% this morning, and the premium on the put we sold has fallen below our target exit price. Let’s book profits now.
Current Stock Price: $71.85
Cash in Hand: $0.52
Action: Buy to close the DASH 16 Jun 65 Put
Recommended Limit: Set your initial limit order at $0.18, but adjust as needed to close today
Profit: $0.34, or $34 per contract
Rate of Return: 0.5% in two days