I closed $AXP 20240419 245.0 C

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I closed $AXP 20240419 245.0 CALL$ ,ANF: this is the 2nd leg of a bear call where i lost all the premiums from the buy call at $245 leg. The overall trade however I’ve collected full premium from this bear call spread after contract expired over 29 days. Premium collection is $115 per contract over $500 maximum risk per contract since the 1st leg is sold call $240 and 2nd leg is buy call $245. The trade had been profitable from the get go as AXP didn’t go higher than $231.69 on 21st Mar which is the day I opened this trade. While it had been drifting slightly lower over the many days, the stock popped up >6% on 19th April on good earnings. Currently it’s retesting its peak of $231.04 so we’ll see what happened next week. I’m still bearish bias on AXP so will decide how I trade this in coming weeks.

AXP CALL

04-20 15:44

US20240419 245.0

Side	Price	Realized P&L
Sell Close	0.00	-100.00% Closed

American Express

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HiTALK
·04-22
$115 premium over $500 max risk?
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JesseBerkeley
·04-22
Keep up the good work, can't wait to see what you come up with next!
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Currently it’s retesting its peak of $231.04 so we’ll see what happened next week. I’m still bearish bias on AXP so will decide how I trade this in coming weeks.</body></html>","htmlText":"<html><head></head><body>I closed <a href=\"https://ttm.financial/OPT/AXP 20240419 245.0 CALL\">$AXP 20240419 245.0 CALL$&nbsp;</a> ,ANF: this is the 2nd leg of a bear call where i lost all the premiums from the buy call at $245 leg. The overall trade however I’ve collected full premium from this bear call spread after contract expired over 29 days. Premium collection is $115 per contract over $500 maximum risk per contract since the 1st leg is sold call $240 and 2nd leg is buy call $245. The trade had been profitable from the get go as AXP didn’t go higher than $231.69 on 21st Mar which is the day I opened this trade. While it had been drifting slightly lower over the many days, the stock popped up &gt;6% on 19th April on good earnings. 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