stock market, stock market

[Adjusting Kohl's (KSS) Spread to Guarantee Profit] Dear Member: Kohl's (KSS) has taken a dive along with the rest of the market this morning. I originally entered the 75/80 bearish call spread for a credit of 75 cents. I now have the chance to buy to close the Mar 75 calls (KSSCO) at a limit of $0.35 which means I will be guaranteed a profit of no less than 40 cents on the overall play and will still own the 80 calls at no cost. If the stock turns back up, I will then be able to sell those 80 calls and add to the overall profit. DISCLOSURE: At the time of publication, I have the 75/80 bearish call spread on KSS.
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