Let’s book profits on our Microsoft (MSFT) put, earnings a 3.6% return on our capital in one week, or 188% annualized.
Current Stock Price: $278.39
Cash in Hand: $0.32
- Buy to close the MSFT Aug Week Two (8/12) 252.50 Put for around $0.36
- Sell to close the MSFT Aug Week Two (8/12) 247.50 Put for around $0.22
- Set initial debit limit at $0.14, but adjust as needed to close today
Profit: $0.18, or $18 per spread