Let’s book fast profits on our Microsoft (MSFT) bull put spread, earning a 2.6% return in two days, or 475% annualized.
Current Stock Price: $232.72
Cash in Hand: $0.21
Action:
- Buy to close the MSFT Jan Week Two (1/13) 215 Put for around $0.12
- Sell to close the MSFT Jan Week Two (1/13) 210 Put for around $0.04
- Set initial debit limit at $0.08, but adjust as needed to close today
Profit: $0.13, or $13 per spread