Terra_Incognita
10-08
$PM VERTICAL 261016 PUT 185.0/PUT 190.0$ PM: take profit at 50%.

With less than 8 days to expiry, it's about time to manage this trade out when the stock is trading higher today. 

For most of the duration of this bull put spread, the price was trading in and around the stroke of $190 as it was setup at 0.45 delta. 

Now that 50% of profit is achieved, and with seemingly weaker general market for the day, taking a profit seems like the better idea than chasing profit. 
PM Vertical
10-08 21:30
US185.0/190.0
SidePriceRealized P&L
Debit
Close
0.98--
Closed
PM VERTICAL 261016 PUT 185.0/PUT 190.0
Trade Feed: Who is your favorite trader?
Come to the Trade Feed Topic to find more trading opportunities! Also, please feel free to recommend and introduce fellow Tigers to the "hidden gem traders" that you've discovered!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • MurrayBulwer
    10-09
    MurrayBulwer
    You’re out that early? 8 DTE and 50% is fine, but PM above 190 still feels like the trend is doing the heavy lifting here.
    • Terra_Incognita: 
      Delta is still too close to be high probability setup. So leave while the winnings are still on the table.
Leave a comment
2
86