I am recommending we book profits on our Williams-Sonoma (WSM) bull put spread, earning a 2.6% return on our capital.
Current Stock Price: $128.69
Cash in Hand: $0.42
- Buy to close the WSM Jun Monthly (6/17) 105 Put for around $0.28
- Sell to close the WSM Jun Monthly (6/17) 95 Put for around $0.12
- Set initial debit limit at $0.16, but adjust as needed to close today
Profit: $0.26, or $26 per spread