Today’s pop in Microsoft (MSFT) is allowing us to close our bull call spread with a nice profit, earning a 5.9% return over our cost basis in just two days.
Current Stock Price: $274.16
Cost Basis: $74.83
Action:
- Buy to close the MSFT Feb Monthly (2/17) 272.50 Call for around $6.30
- Sell to close the MSFT Jan 2024 (1/19) 200 Call for around $85.55
Profit: $4.42, or $442 per spread