Let’s book profits on our salesforce (CRM) spread while the market is up on promising news about a potential coronavirus vaccine.
Current Stock Price: $266.94
Cash in Hand: $1.13
- Buy to close the CRM Nov Monthly (11/20) 220 Put for around $0.18
- Sell to close the CRM Nov Monthly (11/20) 210 Put for around $0.09
- Set your initial debit limit at $0.09
Profit: $1.04, or $104 per spread