Let’s book profits on our Walmart (WMT) bull put spread, earning a 2.8% return in five days, or 204% annualized.
Current Stock Price: $148.50
Cash in Hand: $0.22
Action:
- Buy to close the WMT Apr Week One (4/6) 139 Put for around $0.10
- Sell to close the WMT Apr Week One (4/6) 134 Put for around $0.02
- Set initial debit limit at $0.08, but adjust as needed to close today
Profit: $0.14, or $14 per spread