On July 29, I recommended that you set a sale of the Triangle Petroleum Corp. (NYSE MKT:TPLM) January 2016 $2.50 puts (TPLM160115P00002500) at $0.35 (thirty-five cents), or $35 for a contract on 100 underlying shares. This had become the ask price on that date and comprised a net profit of 133% for a put we had only purchased two weeks previously (on July 15).
Yesterday, that $0.35 became the value of the last recorded sale (with the ask extending to $0.40). If you had locked in an automatic sale order with your broker, you should already be reaping the benefit of a nice (and quick) turnaround. If you did not, do so this morning.
And congratulations on a hefty gain. Write in and let me know how you did on this one.