Let’s book profits on our CVS Health (CVS) LEAP call spread.
Current Stock Price: $71.92
Cost Basis: $17.31
Action:
- Buy to close the CVS Mar Week Two (3/12) 70 Call for around $2.09
- Sell to close the CVS Jan Monthly (1/21/22) 52.50 Call for around $20.10
Profit: $0.70, or $70 per contract