Let’s keep the profits rolling in by closing our Microsoft (MSFT) bull put spread, earning a 3.8% return in three days, or 462% annualized.
Current Stock Price: $330.93
Cash in Hand: $0.23
- Buy to close the MSFT Jun Week One (6/2) 320 Put for around $0.07
- Sell to close the MSFT Jun Week One (6/2) 315 Put for around $0.03
- Set initial debit limit at $0.04, but adjust as needed to close today
Profit: $0.19, or $19 per spread