Let’s keep the profits rolling in by exiting out Microsoft (MSFT) spread, earning a 3.4% return in two days, or an astounding 621% annualized.
Current Stock Price: $289
Cash in Hand: $0.26
- Buy to close the MSFT Aug Monthly (8/19) 260 Put for around $0.23
- Sell to close the MSFT Aug Monthly (8/19) 255 Put for around $0.14
- Set initial net debit at $0.09, but adjust as needed to close today
Profit: $0.17, or $17 per spread