Terra_Incognita
10-08 23:57

$PM VERTICAL 261016 PUT 185.0/PUT 190.0$ 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. 
PM Vertical
10-08 21:30
US185.0/190.0
SidePriceRealized P&L
Debit
Close
0.98--
Closed
PM VERTICAL 261016 PUT 185.0/PUT 190.0
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  • MurrayBulwer
    ·10-09 00:12
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    You’re out that early? 8 DTE and 50% is fine, but PM above 190 still feels like the trend is doing the heavy lifting here.
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    • Terra_Incognita: 
      Delta is still too close to be high probability setup. So leave while the winnings are still on the table.
      10-09 16:35
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