Let’s book profits on our Zoom Video Communications (ZM) spread, earnings a 5.8% return on our capital in just four days, or 529% annualized.
Current Stock Price: $111.45
Cash in Hand: $0.36
- Buy to close the ZM Aug Week Two (8/12) 95 Put for around $0.28
- Sell to close the ZM Aug Week Two (8/12) 90 Put for around $0.11
- Set initial debit limit at $0.17, but adjust as needed to close today
Profit: $0.29, or $29 per spread