Terra_Incognita
10-21
$IBM 20261120 200.0 PUT$ IBM: take profit.

Sold this when IBM was at $220 and it's now moved up to $244 in just 8 days

As such, the profit target of 60% max premium had been achieved with 30 DTE remaining.

There is less reason to hold on to the trade when little remaining premium and with still 1 month to wait so closing the trade is the right action to take.

Earnings on 21st Oct so this action also remove binary conclusion that will lower the risk to reward of the trade. 
IBM PUT
10-21 22:55
US20261120 200.0
SidePrice | FilledRealized P&L
Buy
Close
0.81
2Lot(s)
+59.20%
Closed
IBM
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Comments

  • CHINNY168
    10-22
    CHINNY168

    Great article, would you like to share it?

  • teresatqe
    10-22
    teresatqe
    ok
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