Jason's BigDeaL Trade Alert #46 BREAKING – Our Procter & Gamble (PG) credit put spread has fallen to an ask price of $0.27, as of this writing. We received a $0.59 credit for entering the play on October 8. At the current ask of $0.27, we can cover and close the spread for gains of $0.32, or 16.8% of our capital risked. I'd cover today at $0.30 or lower, ahead of PG's earnings tomorrow, since the report could swing the stock (and our spread) in the other direction. Our maximum potential gain is 30.9%, so it makes sense to take profits of 16.8% here to limit our risk going forward. ...

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