The premium on the Roku (ROKU) put we sold has fallen below our target exit price. Let’s book profits now rather than risk a reversal in the stock before expiration.
Current Stock Price: $65.26
Cash in Hand: $0.69
Action: Buy to close the ROKU 30 Jun 63 Put
Recommended Limit: Set your initial limit order at $0.20, but adjust as needed to close today
Profit: $0.49, or $49 per contract
Rate of Return: 0.8% in 16 days