Let’s book profits on our Netflix (NFLX) bull put spread, earning an 8.8% return in two weeks, or 229% annualized.
Current Stock Price: $304.77
Cash in Hand: $0.54
- Buy to close the NFLX Dec Week Two (12/9) 260 Put for around $0.28
- Sell to close the NFLX Dec Week Two (12/9) 255 Put for around $0.18
- Set initial debit limit at $0.10, but adjust as needed to close today
Profit: $0.44, or $44 per spread