I am recommending we book profits on our Microsoft (MSFT) spread rather than risk holding through expiration.
Current Stock Price: $294.59
Cash in Hand: $0.41
- Buy to close the MSFT Mar Week One (3/4) 265 Put for around $0.12
- Sell to close the MSFT Mar Week One (3/4) 260 Put for around $0.06
- Set initial debit limit at $0.06, but adjust as needed to close today
Profit: $0.35, or $35 per spread