🎯 Playing It Smart: Taking 50% Profit on LOW Today
Locking In Gains Before Momentum Takes Over
LOW Bear Call Credit Spread
🗓️ Opened: Short May 16 $230 Call / Long May 16 $250 Call
💵 Net Credit Collected: $6.69
📈 Max Profit Potential: $669 per spread
📊 Current P/L: +$671 on 1 spread (50.15% of max profit)
🔍 Why I’m Taking Profit Here
$LOW is pressing closing in on my short strike at $230, and while it hasn’t broken out yet, the momentum is undeniable. With 50% of the max profit already secured, this is a textbook moment to exit rather than risk giving it back. I’d rather take the money now than face a momentum continuation that could blow through the spread.
Technicals back the decision:
MACD is strong and rising
Price is challenging short-term resistance with bullish follow-through
Volume is steady and confirming strength
✅ The Bottom Line
I hit my minimum acceptable target. No need to overstay. 50% of the max profit is banked, and I’m not here to gamble on whether $LOW pauses or pushes through. I manage trades, not hope for outcomes — and the smart move is to exit.
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*Disclaimer: The examples in The Options Oracle are my opinion, not financial advice.