Let’s keep the profits rolling in by closing our Costco (COST) bull put spread, earning a 4.2% return in less than 24 hours.
Current Stock Price: $496.03
Cash in Hand: $0.38
- Buy to close the COST May Week Two (5/12) 470 Put for around $0.45
- Sell to close the COST May Week Two (5/12) 465 Put for around $0.28
- Set initial debit limit at $0.17, but adjust as needed to close today
Profit: $0.21, or $21 per spread