Let’s book profits on our Boeing (BA) bull put spread, earning a 4.4% return in eight days, or 201% annualized.
Current Stock Price: $205.48
Cash in Hand: $0.42
- Buy to close the BA Mar Week Two (3/10) 190 Put for around $0.38
- Sell to close the BA Mar Week Two (3/10) 185 Put for around $0.18
- Set initial debit limit at $0.20, but adjust as needed to close today
Profit: $0.22, or $22 per spread