Let’s book fast profits on our Zoom Video Communications (ZM) spread.
Current Stock Price: $84.84
Cash in Hand: $0.43
- Buy to close the ZM Sep Week Two (9/9) 70 Put for around $0.31
- Sell to close the ZM Sep Week Two (9/9) 65 Put for around $0.10
- Set initial debit limit at $0.21, but adjust as needed to close today
Profit: $0.22, or $22 per spread