Let’s book fast profits on our First Solar (FSLR) bull put spread, earning a 4.8% return in three days, or 584% annualized.
Current Stock Price: $215.30
Cash in Hand: $0.30
- Buy to close the FSLR Mar Week Four (3/24) 195 Put for around $0.11
- Sell to close the FSLR Mar Week Four (3/24) 190 Put for around $0.07
- Set initial debit limit at $0.06, but adjust as needed to close today
Profit: $0.24, or $24 per spread