Closing Another Profitable Trade

We are closing our bull put spread on Facebook this morning.  The trade, in only two days has more than half the profit we could gain as our max ROI.  We like taking money off the table when we can.  Here is what the trade looked like a couple of days ago when we opened it:

We will close it today for about $0.21 per share.  We took in a credit of $0.46 per share against a spread in the strikes of $3.00.  Our max risk getting into the trade was $2.54 per share.  This means our max ROI would have been 18% had the trade expired worthless.  By closing today and capturing $0.25 credit we are getting about a 10% profit on a two day trade.  

We publish all our trades for our subscribers before we open them, so that they can follow us in the trades if they choose.  Check us out at www.safeoptionstrategies.com