I want to close our Goldman Sachs (GS) bull put spread around breakeven rather than risk holding through the upcoming Federal Reserve meeting.
Current Stock Price: $314.77
Cash in Hand: $0.14
- Buy to close the GS Jun Monthly (6/17) 275 Put for around $0.39
- Sell to close the GS Jun Monthly (6/17) 270 Put for around $0.28
- Set initial debit limit at $0.11, but adjust as needed to close today
Profit: $0.03, or $3 per spread