Close GOOGL Call Spread For 54.66%

We will buy a call spread in Google (GOOGL) now that it is back above $350 and the shorts remain in the stock. We expect more to press in the next data.

We bought the September 18 GOOGL $350 Call for $18.25 and sold the September 18 GOOGL $370 Call for $9.78 for a cost of $8.47.

The $350 Call is now worth $35.67 and the $370 Call is at $22.57 for a value of $13.10 which a gain of $4.63 and 54.66%.

GOOGL was trading at $350.98 and is now at $377.56.

Initially, listed return at 39.20%. This was incorrect. Gains was 54.66%.