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Replying to @skythelimit:Good idea. Think either way is fine. I do find those $0.5 strikes setup has lesser liquidity so I tend to use the $5/$10 increment setups.//@skythelimit:That 5 dollar roll-up makes sense. I care more about IVR here though — 242.5 would give the long leg a bit more breathing room
@Terra_Incognita:$AMZN VERTICAL 261030 PUT 245.0/PUT 240.0$ 1️⃣ Why am I making this trade now? Bull put spread 30th Oct expiry with strike $245/240. Catching the upside momentum. The older BPS for 23rd expiry was closed on Fri and assessed the setup is still viable so opened another trade 1 week later to 30th Oct. Since the price had moved up by at least $10 between the 2 trades, I've adjusted up the stroked by a $5 higher to short put at $245 and long put 1 strike lower. Stock still a distance away from short term high so it the Q4 positive momentum market can carry the trade, then this can be profitable. 2️⃣ What’s my plan from here? take profit at around 70-90% max premium. Take
$PLTR 20261120 195.0 CALL$ Sharing for coins. This is one part of a bull call spread that of $$195/200 that is now in the money. Nice 5% breakout on Friday right after setting this up and now inside profit zone. Still need the theta decay to work its way for more profit in the coming weeks.
$AMZN VERTICAL 261030 PUT 245.0/PUT 240.0$ 1️⃣ Why am I making this trade now? Bull put spread 30th Oct expiry with strike $245/240. Catching the upside momentum. The older BPS for 23rd expiry was closed on Fri and assessed the setup is still viable so opened another trade 1 week later to 30th Oct. Since the price had moved up by at least $10 between the 2 trades, I've adjusted up the stroked by a $5 higher to short put at $245 and long put 1 strike lower. Stock still a distance away from short term high so it the Q4 positive momentum market can carry the trade, then this can be profitable. 2️⃣ What’s my plan from here? take profit at around 70-90% max premium. Take
$AMZN VERTICAL 261023 PUT 240.0/PUT 235.0$ AMZN: take profit. These bull put spread were just setup on 5th Oct and in less than 1 weeks already hit its target profit of 70% and still with 14 DTE. AMZN move well today on a moderately bullish market and the trade went in my favour. The drop on Thursday was well supported by multiple moving averages and it nicely rebounded up alongside the market. Happy to collect early and close for the weekend.
$DDOG VERTICAL 261030 PUT 250.0/PUT 255.0$ 1️⃣ Why am I making this trade now? Setting up bull put spread on DDOG at $255/250 expiring 30th Oct. Trend is bullish. Earnings on 5th Nov so it won't interfere much. Past few days forming bull flag and potentially break out testing new high which is only few dollars away. 2️⃣ What’s my plan from here? Take profit between 70% to 90% target achieved. Take loss of price hit short strike levels.
$FCX VERTICAL 261016 PUT 67.0/PUT 66.0$ FCX: take profit on these bull put spreads. Hit preset profit taking at 70% of max premium and the timing is just right. Was about to manage the trade out since it's about 7 DTE now. FCX is moving up well rising >3% for the day but it's testing some resistance zones right now so glad I'm out with a win.
$Exxon Mobil(XOM)$ XOM: take profit. Small profit taking. Was trading bull put spread on XOM so it made these shares a bit redundant. Decided to exit on a high and collect small profit. Recycle capital to support new trade setup. XOM making new recent high and might test all time high of $174.09 made on 30th Mar 2026 and this is just a few dollars away.
$ADBE STRANGLE 261120 CALL 275.0/PUT 205.0$ 1️⃣ Why am I making this trade now? ADBE short strangle expiring 20th Nov Short call $275 Short put $205 Decent $5.5 credit collection expanding profit range to $75 Earnings on 9th Dec so the setup skipped earning period reducing potential volatility. ADBE fell 32% year to date but also is up 23% since late June. Believed the price will face resistance as most moving averages are still bearish. Short strangle sets the boundary of where I think ADBE might land during this period so as long as it stays within range, I'll be set. 2️⃣ What’s my plan from here? take profit separately by each leg as it hit La profit targ
$UAL 20261016 120.0 CALL$ UAL: take profit on this covered call. Achieved 90% of max premium with 1 more week to go so decided to close to secure profit. Separately sold new covered call with lowered $115 strike for the same expiry on 16th Oct to milk some additional premium.
$PM VERTICAL 261016 PUT 185.0/PUT 190.0$ 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.
$PLTR VERTICAL 261023 PUT 175.0/PUT 170.0$ PLTR: take profit. This bull out spread was profitable after a good run today and is able to achieved 70% of premium collection with 15 more days till expiry. Profit target was preset so there were less guessing work and trade to manage. Have also setup a new bull call spread on PLTR to chase for some additional profit funded by this win so let's see.
$PLTR VERTICAL 261120 CALL 200.0/CALL 195.0$ 1️⃣ Why am I making this trade now? PLTR broke $200 and retreated. Setup this Bull Call Spread at $195/200 expiring on 20th Nov to give this plenty of room to move. Paid debit of $2.5 so breakeven at $197.5 which the stock is already trading above. Just have to wait the next 40+ days for theta to work its round and for PLTR to hold the current ground. GEX analysis call wall at $200 2️⃣ What’s my plan from here? Preset take profit at about 70-90% gains. Cut loss of premium lose 50%.
$IBM 20261120 190.0 PUT$ IBM: 16 consecutive red candles! And Premarket is down still. Setup short put position at $190 strike which is slightly below 23rd July bottom for potential supoort. Longer dated to 20th Nov to let it more time to run. Separately also sold another short put expiring on 18th Dec as well.
$VRT 20261023 295.0 CALL$ VRT: Take Profit. Preset at 70% of premium collection and that was achieved today. Subsequently reenter with a new covered call trade and readjust the time frame and also strike to ensure premium collection is optimised. VRT been down the drain since peaking in May 2026 and is now below all moving averages, signalling extreme bearishness
$MPC VERTICAL 261016 CALL 410.0/CALL 400.0$ MPC: take profit on preset target of 100%. These bull call spread were setup to catch long oil potential. Bought on debit for $4.4 per pair on 11th Sept and now they were sold at $8.9 after holding on for almost 1 month. MPC also broke out of its all time high made just in 21st Sep and now is making new high again today if price holds.
$VRT 20261023 220.0 PUT$ VRT: sold a new cash secured put at $220 expiring 23rd Oct for $3.55 Earnings on 28th Oct so if I close the trade before that, then I can choose to setup a fresh trade for the earning or sit through it before assessing how to trade the positions. I still have some shares which I'm selling covered call so if this CSP got assigned, it will be lowering my holding average cost.
$XOM VERTICAL 261016 PUT 155.0/PUT 150.0$ XOM: take profits. Preset profit taking at 70% and this was achieved today. Achieved in 8 days and still have 11 days to remain. Which meant it took 70% profit on less than half the time. Oil is creeping higher again so it's favorable for my trade and push it high enough for this trade to secure the planning profit.
$MSFT VERTICAL 261023 PUT 490.0/PUT 485.0$ MSFT: preset profit taking at 70% of premium collected. Set to expire on 23rd Oct yet it only took 6 days of bullish MSFT movement for this trade to turn profitable in less than half the time.
$QQQ VERTICAL 261120 CALL 795.0/CALL 805.0$ 1️⃣ Why am I making this trade now? Bear call spread setup on QQQ. Expiry on 20th Nov so it's 45 days run way. Sold calls at $795 and buy back at $805. Credit to risk is acceptable. Changes of success estimate at 75% short strike is about $40 above 52 weeks high which is at around $755. 2️⃣ What’s my plan from here? seeking short term consolidation or pull back after 3 back to back days of making new all time high. Take profit at 70-90% of premium decay. Stop loss if short strike is hit.
$META RATIO_SPREAD_1X2 261030 CALL 845.0/CALL 850.0$ 1️⃣ Why am I making this trade now? META ratio spread for premium collection. Buy 1 call $845 strike Sell 2 calls $850 strike Earnings on 4th Nov so the setup expires on 30th Oct to avoid binary outcome that might jeopardise the trade. Collect a decent $5.35 premium over 24 days. The strike of $845 is well above current trade at $742. And is also above expected move of +/- $89 during this period. IV is relatively high at 45% and my expected probability of this trade is around 80-90%. 2️⃣ What’s my plan from here? Take profit when 70-90% of premium collected, Or cut loss if hit the strike or 1.
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