Let’s book profits on our Lowe’s (LOW), Marriott International (MAR) and Nvidia (NVDA) positions.
LOW Mar Monthly (3/18) 200/190 Put Spread
Current Stock Price: $229.56
Cash in Hand: $0.38
Action:
- Buy to close the LOW Mar Monthly (3/18) 200 Put for around $0.08
- Sell to close the LOW Mar Monthly (3/18) 190 Put for around $0.03
- Set initial debit limit at $0.05, but adjust as needed to close today
Profit: $0.33, or $33 per spread
MAR Mar Monthly (3/18) 145 Put
Current Stock Price: $164.47
Cash in Hand: $1
Action: Buy to close the MAR Mar Monthly (3/18) 145 Put for around $0.26, but adjust as needed to close today
Profit: $0.74, or $74 per contract
NVDA Mar Monthly (3/18) 190/185 Put Spread
Current Stock Price: $227.24
Cash in Hand: $0.37
Action:
- Buy to close the NVDA Mar Monthly (3/18) 190 Put for around $0.18
- Sell to close the NVDA Mar Monthly (3/18) 185 Put for around $0.11
- Set initial debit limit at $0.07, but adjust as needed to close today
Profit: $0.30, or $30 per spread