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Income Masters Trade Alert: CRM, MSFT

I typically like to let our bull put spreads go to expiration. But given recent market volatility, I am recommending we take profits on our Salesforce.com (CRM) and Microsoft (MSFT) spreads now.

CRM Dec Week Two (12/10) 250/245 Put Spread

Current Stock Price: $266.99

Cash in Hand: $0.64

Action:

  • Buy to close the CRM Dec Week Two (12/10) 250 Put for around $0.15
  • Sell to close the CRM Dec Week Two (12/10) 245 Put for around $0.08
  • Set initial debit limit at $0.07, but adjust as needed to close today

Profit: $0.57, or $57 per spread

MSFT Dec Week Two (12/10) 310/305 Put Spread

Current Stock Price: $333

Cash in Hand: $0.38

Action:

  • Buy to close the MSFT Dec Week Two (12/10) 310 Put for around $0.09
  • Sell to close the MSFT Dec Week Two (12/10) 305 Put for around $0.06
  • Set initial debit limit at $0.03, but adjust as needed to close today

Profit: $0.35, or $35 per spread

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