Let’s book profits on our Salesforce (CRM) and Lyft (LYFT) positions.
CRM Mar Monthly (3/18) 180/175 Put Spread
Current Stock Price: $204.20
Cash in Hand: $0.27
Action:
- Buy to close the CRM Mar Monthly (3/18) 180 Put for around $0.105
- Sell to close the CRM Mar Monthly (3/18) 175 Put for around $0.0
- Set initial debit limit at $0.05, but adjust as needed to close today
Profit: $0.22, or $22 per spread
LYFT Mar Monthly (3/18) 33.50 Put
Current Stock Price: $37.27
Cash in Hand: $0.37
Action: Buy to close the LYFT Mar Monthly (3/18) 33.50 Put for around $0.10, but adjust as needed to close today
Profit: $0.27, or $27 per contract