$ADBE STRANGLE 261120 CALL 275.0/PUT 205.0$ 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.