We have a new position that I'm going to take to the window and cash out.
Here's what I'm doing…
Sell-to-close the MGM July 30, 2021, $39.50/$37.50 put spread
At last glance, the spread is trading at $1.20 and I have a limit order to sell at $1.28.
If filled at that price, it's a 100% gain from entry at $0.64.
Congratulations again on this winning trade!