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$IBM CUSTOM 261120 CALL 255.0/PUT 205.0/CALL 260.0/PUT 200.0$ 1️⃣ Why am I making this trade now? Batman setup (Double Ratio) on IBM with 38 DTE. Earnings in 21st Oct. 52 weeks low is below $200. Hitting support at $219 before rebounding past few days. Decent IV rank at 40+, decent credit received and decent probability of trade success around 70-80%. 2️⃣ What’s my plan from here? Take profit around 70-90% max premiums. Take loss if 2x premium loss.
$C VERTICAL 261023 PUT 123.0/PUT 120.0$ Citigroup C: take profit. Target profit achieved at 70% of max premium to its closed. C rebounded off its 200 SMA on 7th Oct and rose for 4 consecutive sessions. It opened higher today at market open, triggered my take profit target, and I've closed the trade. And then as of writing this post, C had reverted down and is down 3% for the day. Glad the preset profit taking is doing its job.
$QQQ VERTICAL 261120 CALL 795.0/CALL 805.0$ QQQ: take profit. 70% max premium profit target achieved today after just 7 days for this 45 DTE trade. Right time right trade as I happened to sold these bear calls spread right at the peak of QQQ on 6th Oct before it reversed downwards these past few trading sessions.
$VRT 20261023 270.0 CALL$ VRT: Profit taking. Covered call hit 70% max profit so it's auto closed. Separately sold a new setup 30th Oct with lowered strike $260 to capture more premium on the way down to offset my stock holding losses. VRT is still bearish going into earnings on 28th Oct
$PRU VERTICAL 261016 PUT 115.0/PUT 110.0$ PRU: take loss at 200% of premium collected. Part of trading that there will be losing trades but when it's a setup issue, then I am only the one to be responsible. I entered this trade too aggressively at bearish fast MA yet I still get in thinking that the 100 SMA will hold the support. Sub optimal trade setup and paid with a losing trade to learn my lesson.
@TigerStars thanks and congrats to all contributors.
Thanks and congrats to all creators
$SPY IRON_CONDOR 261120 CALL 800.0/CALL 810.0/PUT 755.0/PUT 745.0$ 1️⃣ Why am I making this trade now? SPY Iron Condor 39 DTE Call spread $800/810 Put spread $755/745 Setup near 20 to 30 delta to a bit high risk. SPY might slow and digest after making new highs and am looking for range bound trade to be profitable. 2️⃣ What’s my plan from here? take profit at 50% Take loss at 2x premium collected.
$VRT 20261030 295.0 CALL$ VRT: Take Profit at 70% Max premium. 18 DTE yet already hit profit Target so its also closed to secure profit. The underlying stock is consolidating these past 3 weeks but overall outlook is still bearish. Will be selling a fresh covered call to replace this trade.
$CRM VERTICAL 261016 PUT 225.0/PUT 220.0$ CRM: take profit. Very small profit to cover the cost of trades and it was preset to buy back at $$90 per contract. This is for risk management as the trade had left 5 DTE so I'm actively managing this out. Glad to be able to collect 10% profit and tick a win here. Will be replacing with a new trade setup.
$MET VERTICAL 261016 PUT 95.0/PUT 92.5$ MET: take profit. Nice run up past 3 trading sessions and managed to close this today for 70% of max premium. Was already planned to close this trade since it has 5 DTE remaining and anything closer will be more volatile and subject to market direction from this week. Therefore was glad that it ended up being profitable.
Replying to @skythelimit:Good idea. Think either way is fine. I do find those $0.5 strikes setup has lesser liquidity so I tend to use the $5/$10 increment setups.//@skythelimit:That 5 dollar roll-up makes sense. I care more about IVR here though — 242.5 would give the long leg a bit more breathing room
@Terra_Incognita:$AMZN VERTICAL 261030 PUT 245.0/PUT 240.0$ 1️⃣ Why am I making this trade now? Bull put spread 30th Oct expiry with strike $245/240. Catching the upside momentum. The older BPS for 23rd expiry was closed on Fri and assessed the setup is still viable so opened another trade 1 week later to 30th Oct. Since the price had moved up by at least $10 between the 2 trades, I've adjusted up the stroked by a $5 higher to short put at $245 and long put 1 strike lower. Stock still a distance away from short term high so it the Q4 positive momentum market can carry the trade, then this can be profitable. 2️⃣ What’s my plan from here? take profit at around 70-90% max premium. Take
$PLTR 20261120 195.0 CALL$ Sharing for coins. This is one part of a bull call spread that of $$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.
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