Let’s keep the profits rolling in by closing our Salesforce (CRM) and Microsoft (MSFT) bull put spreads, earning annualized rates of return of 192% and 633%, respectively.
CRM Nov Week Two (11/11) 135/130 Put Spread
Current Stock Price: $152.27
Cash in Hand: $0.25
Action:
- Buy to close the CRM Nov Week Two (11/11) 135 Put for around $0.04, but adjust as needed to close today
- Watch the CRM Nov Week Two (11/11) 130 Put expire worthless
Profit: $0.21, or $21 per spread
MSFT Nov Monthly (11/18) 212.50/207.50 Put Spread
Current Stock Price: $238.65
Cash in Hand: $0.34
Action:
- Buy to close the MSFT Nov Monthly (11/18) 212.50 Put for around $0.19
- Sell to close the MSFT Nov Monthly (11/18) 207.50 Put for around $0.11
- Set initial debit limit at $0.08, but adjust as needed to close today
Profit: $0.26, or $26 per spread