We are sitting on a terrific profit with our Target (TGT) LEAP call spread. Let’s close it now.
Current Stock Price: $241.05
Cost Basis: $39.28
- Buy to close the TGT Jul Week One (7/2) 242.50 Call for around $1.55
- Sell to close the TGT Mar 2022 (3/18/22) 200 Call for around $46.15
Profit: $5.32, or $532 per spread