Let’s book fast profits on our Marathon Petroleum (MPC) and Starbucks (SBUX) puts, earning annualized returns of 120% and 86%, respectively.
MPC May Week Two (5/12) 100 Put
Current Stock Price: $107.72
Cash in Hand: $1.08
Action: Buy to close the MPC May Week Two (5/12) 100 Put for around $0.42, but adjust as needed to close today
Profit: $0.66, or $66 per contract
SBUX May Week Two (5/12) 102 Put
Current Stock Price: $106.59
Cash in Hand: $0.72
Action: Buy to close the SBUX May Week Two (5/12) 102 Put for around $0.24, but adjust as needed to close today
Profit: $0.48, or $48 per contract
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