We have an opportunity to close our JPMorgan Chase (JPM) and Microsoft (MSFT) positions for excellent profits.

With our JPM put, we will earn 1.1% in seven days, or 57% annualized. And by closing our MSFT spread early, we will earn an absolute return of 11.9% in one week.

JPM Aug Week Four (8/28) 97.50 Put

Current Stock Price: $99.28

Cash in Hand: $1.80

Action: Buy to close the JPM Aug Week Four (8/28) 97.50 Put for around $0.73

Profit: $1.07, or $107 per contract

MSFT Oct Monthly (10/16) 200/Aug Week Four (8/28) 215 Call Spread

Current Stock Price: $214.06

Cost Basis: $15

Action:

• Buy to close the MSFT Aug Week Four (8/28) 215 Call for around $2.49
• Sell to close the MSFT Oct Monthly (10/16) 200 Call for around $19.27

Profit: $1.78, or $178 per spread