Let’s keep the cash rolling in by booking fast profits on our Blackstone (BX), NVIDIA (NVDA) and Zoom Video Communications (ZM) bull put spreads.
BX Jul Monthly (7/15) 70/65 Put Spread
Current Stock Price: $97.52
Cash in Hand: $0.36
Action:
- Buy to close the BX Jul Monthly (7/15) 70 Put for around $0.20
- Sell to close the BX Jul Monthly (7/15) 65 Put for around $0.14
- Set initial debit limit at $0.06, but adjust as needed to close today
Profit: $0.30, or $30 per spread
NVDA Jul Week Two (7/8) 135/130 Put Spread
Current Stock Price: $168.78
Cash in Hand: $0.38
Action:
- Buy to close the NVDA Jul Week Two (7/8) 135 Put for around $0.32
- Sell to close the NVDA Jul Week Two (7/8) 130 Put for around $0.18
- Set initial debit limit at $0.14, but adjust as needed to close today
Profit: $0.24, or $24 per spread
ZM Jul Week One (7/1) 95/90 Put Spread
Current Stock Price: $119.93
Cash in Hand: $0.33
Action:
- Buy to close the ZM Jul Week One (7/1) 95 Put for around $0.12
- Sell to close the ZM Jul Week One (7/1) 90 Put for around $0.05
- Set initial debit limit at $0.07, but adjust as needed to close today
Profit: $0.26, or $26 per spread