#5: Short Put Spread on GOOGL
Expiration: June 16 (64 days)
ATM: $775.39
Sell 725 Strike Put
Buy 720 Strike Put
Credit $1.10
Close the order for 30 cents
The Reason for this trade:
Google is in an uptrend. 64 days out contract gives up ample opportunity to close the order with some good profit.
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