I am recommending we book profits on our Apple (AAPL) spread and CVS Health (CVS) put now rather than risk holding through expiration.
AAPL Apr Week Two (4/8) 167.50/162.50 Put Spread
Current Stock Price: $170.14
Cash in Hand: $0.26
Action:
- Buy to close the AAPL Apr Week Two (4/8) 167.50 Put for around $0.12
- Sell to close the AAPL Apr Week Two (4/8) 162.50 Put for around $0.01
- Set initial debit limit at $0.11, but adjust as needed to close today
Profit: $0.15, or $15 per contract
CVS Apr Week Two (4/8) 103 Put
Current Stock Price: $104.87
Cash in Hand: $1.15
Action: Buy to close the CVS Apr Week Two (4/8) 103 Put for around $0.05, but adjust as needed to close today
Profit: $1.10, or $110 per contract