$IBM 20261120 200.0 PUT$ 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. | Side | Price | Filled | Realized P&L |
|---|
| Buy Close | 0.81 2Lot(s) | +59.20% Closed |
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