We have one position expiring today – a MSFT spread. We are also managing ETSY and PTON net debits. We will put on new positions on these stocks next week. Let’s buy to close the top leg of the MSFT spread and create another position next week.

 

ETSY Net Debit

Current Stock Price: $63.95

Net Debit: $1.13

Action: Do nothing at this time.

 

Microsoft (MSFT) May Week One (5/7) 245/235 Bull Put Spread

Current Stock Price: $253.50

Cash in Hand: $.53

Action: Buy to close the MSFT May Week One (5/7) 245 Put for around $.03 

Profit: $.50 or $50 per contract

 

PTON Net Debit

Current Stock Price: $88.50

Net Debit: $8.21

Action: Do nothing at this time.