Let’s book profits on our Netflix (NFLX) bull put spread, earning a 2.1% return in four days, or 191% annualized.
Current Stock Price: $328.83
Cash in Hand: $0.25
- Buy to close the NFLX May Week One (5/5) 287.50 Put for around $0.08
- Sell to close the NFLX May Week One (5/5) 277.50 Put for around $0.04
- Set initial debit limit at $0.04, but adjust as needed to close today
Profit: $0.21, or $21 per spread