Let’s keep the profits rolling in by closing our Netflix (NFLX) and Nvidia (NVDA) spreads, earning annualized rates of return of 383% and 161%, respectively.
NFLX Dec Monthly (12/16) 275/265 Put Spread
Current Stock Price: $330.19
Cash in Hand: $0.27
Action:
- Buy to close NFLX Dec Monthly (12/16) 275 Put for around $0.06, but adjust as needed to close today
- Watch the NFLX Dec Monthly (12/16) 265 Put expire worthless
Profit: $0.21, or $21 per spread
NVDA Dec Monthly (12/16) 150/140 Put Spread
Current Stock Price: $185.26
Cash in Hand: $0.26
Action:
- Buy to close NVDA Dec Monthly (12/16) 150 Put for around $0.04, but adjust as needed to close today
- Watch the NVDA Dec Monthly (12/16) 140 Put expire worthless
Profit: $0.22, or $22 per spread