The Trade Desk (TTD) is up around 5% this morning and the premium on put we sold has fallen to just a few cents. Let’s book profits now, marking our 10th winning trade on the stock so far this year and 18th since we began trading it in Options Income Weekly back in early 2022.
Current Stock Price: $88.71
Cash in Hand: $0.70
Action: Buy to close the TTD 28 Jul 81 Put
Recommended Limit: Set your initial limit order at $0.04, but adjust as needed to close today
Profit: $0.66, or $66 per contract
Rate of Return: 0.8% in nine days