Let’s keep the profits rolling in by closing our Visa (V) bull put spread, earning a 5% return in two days, or 913% annualized.
Current Stock Price: $216.73
Cash in Hand: $0.34
- Buy to close the V Jan Week Two (1/13) 200 Put for around $0.16
- Sell to close the V Jan Week Two (1/13) 195 Put for around $0.07
- Set initial debit limit at $0.09, but adjust as needed to close today
Profit: $0.25, or $25 per spread