Yesterday I sold the MSFT Jun 21 115-105 Put Spread for .75 Credit. Today with MSFT at 122.47 +2.43, the spread is trading at .52. The risk or Margin on the trade is $925. We are trying to make 6% of the Margin or Risk, $55. For a Profit, I will have an order in to close for an .20 Debit. If MSFT goes back down, I would exit the trade if the spread exceeds 1.70. I can link both orders with an OCO .MSFT Cash Secured Put Alternative ( Put Credit Spread)The post MSFT Cash Secured Put Alternative ( Put Credit Spread) appeared first on www.sheridanmentoring.com.
