I am recommending we book profits on our Apple (AAPL), Microsoft (MSFT) and PayPal (PYPL) spreads, earning excellent rates of return.
AAPL Oct Monthly (10/16) 105/100 Put Spread
Current Stock Price: $123.29
Cash in Hand: $0.81
Action:
- Buy to close the AAPL Oct Monthly (10/16) 105 Put for around $0.03
- Watch the AAPL Oct Monthly (10/16) 100 Put expire worthless
Profit: $0.78, or $78 per spread
MSFT Oct Monthly (10/16) 200/195 Put Spread
Note: No action is needed on the MSFT Oct Monthly (10/16) 210 Call at this time.
Current Stock Price: $221.72
Cash in Hand: $1.76
Action:
- Buy to close the MSFT Oct Monthly (10/16) 200 Put for around $0.08
- Watch the MSFT Oct Monthly (10/16) 195 Put expire worthless
Profit: $1.68, or $168 per spread
PYPL Oct Monthly (10/16) 170/165 Put Spread
Current Stock Price: $203.20
Cash in Hand: $0.84
Action:
- Buy to close the PYPL Oct Monthly (10/16) 170 Put for around $0.04
- Watch the PYPL Oct Monthly (10/16) 165 Put expire worthless
Profit: $0.80, or $80 per spread