We can close our Microsoft (MSFT) spread position for some serious profits, earning a 7.1% return over our cost basis in seven days, or 372% annualized.
Current Stock Price: $214.58
Cost Basis: $56
- Buy to close the MSFT Aug Monthly (8/21) 210 Call for around $8.60
- Sell to close the MSFT Jun 2021 (6/18) 150 Call for around $68.52
- Sell to close the MSFT Aug Week One (8/7) 195 Put for around $0.06
Profit: $3.98, or $398 per spread