Shares of YELL are having a big day, which put our October 15, 2021, $7.50/10 call spread is in the money.
But since this position expires in a few hours, we must take action on this position before the market closes today.
Since the $7.50 call is in the money by 30 cents, that is the only contract that needs to be closed.
Here's what I'm doing…
Sell-to-close the YELL October 15, 2021, $7.50 call.
At last glance, the contract is trading at $0.35.
If filled at that price, it's a 16% gain from entry at $.30 on the spread.