Our Roku (ROKU) bull put spread is trading well out of the money, but this is not the kind of market where you want to take anything for granted.
Let’s book an excellent short-term profit and free up capital for new trades.
Current Stock Price: $86.77
Cash in Hand: $0.31
- Buy to close the ROKU Jun Week One (6/3) 60 Put for around $0.10
- Sell to close the ROKU Jun Week One (6/3) 55 Put for around $0.04
- Set initial debit limit at $0.06, but adjust as needed to close today
Profit: $0.25, or $25 per contract