Let’s book profits on our McDonald’s (MCD) and Moderna (MRNA) bull put spreads, earning stellar rates of return.
MCD Aug Monthly (8/20) 230/225 Put Spread
Current Stock Price: $237.98
Cash in Hand: $0.46
Action:
- Buy to close the MCD Aug Monthly (8/20) 230 Put for around $0.10
- Sell to close the MCD Aug Monthly (8/20) 225 Put for around $0.06
- Set initial debit limit at $0.04
Profit: $0.42, or $42 per spread
MRNA Aug Monthly (8/20) 300/290 Put Spread
Current Stock Price: $391.52
Cash in Hand: $0.54
Action:
- Buy to close the MRNA Aug Monthly (8/20) 300 Put for around $0.11
- Sell to close the MRNA Aug Monthly (8/20) 290 Put for around $0.07
- Set initial debit limit at $0.04
Profit: $0.50, or $50 per spread