Locking in Profits – Trade Closures for Friday, January 31, 2025
Securing Over $2,150 in Gains and Freeing Up Capital for the Next Opportunity
Happy Friday everyone! I've got three cash-secured puts on TSLL, TQQQ, and PLTR, and today I'm making the decision to close them out and take profits. Here’s my thought process behind each move.
TSLL Short Put (Feb 14, 23 Strike)
DTE: 14 Days
Premium Captured: $1,262.50 out of $1,500.00 (84.17% gain)
Dollar Gain: $1,262.50
Why I’m Closing: This trade has worked out well, and I’ve captured over 84% of the available premium. With two weeks left until expiration, there’s still time for the stock to move against me, and I see no reason to risk giving back profits. Closing now locks in the gains and eliminates any chance of unexpected volatility hurting this position.
✅ Closing and securing the win.
TQQQ Short Put (Jan 31, 82.5 Strike)
DTE: 0 Days – Expires Today
Premium Captured: $332.00 out of $335.00 (99.10% gain)
Dollar Gain: $332.00
Why I’m Closing: There’s almost nothing left to gain here. With 99% of the premium already collected, leaving this open serves no real purpose. The only risk now is assignment if the contract isn't closed before expiration. Rather than deal with that unnecessary risk, I’d rather take the win and move on.
✅ Closing this out before expiration.
PLTR Short Put (Feb 7, 69 Strike)
DTE: 7 Days
Premium Captured: $560.00 out of $720.00 (77.78% gain)
Dollar Gain: $560.00
Why I’m Closing: This trade has paid out well, but with a week left, there's still time for unexpected market shifts. The smart move here is to take profits and remove risk. Holding this trade for the last bit of premium just isn't worth it—I'd rather cash out now and redeploy capital elsewhere.
✅ Closing to secure profits and avoid last-minute market swings.
Total Profit from Closing These Trades
$TSLL: $1,262.50
$TQQQ: $332.00
$PLTR: $560.00
Total Gain: $2,154.50
Final Thoughts
These trades have delivered, and keeping them open for a little extra premium isn’t worth the added risk. By closing now, I lock in over $2,150 in profit and free up capital for the next opportunity.
🚀 Locking in gains and moving on to the next play! 🚀
*Disclaimer The examples in The Options Oracle are my opinion, not financial advice.
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