Let’s book fast profits on our NVIDIA (NVDA) bull put spread, earning 5% in two days, or 913% annualized.
Current Stock Price: $230.71
Cash in Hand: $0.36
Action:
- Buy to close the NVDA Mar Monthly (3/18) 180 Put for around $0.37
- Sell to open the NVDA Mar Monthly (3/18) 175 Put for around $0.26
- Set initial debit limit at $0.11, but adjust as needed to close today
Profit $0.25, or $25 per spread