📢 Take Profit Alert 4/4/25: DHR Bear Call Spread Closed
A clean exit on a textbook bearish setup
I’m closing out my $DHR Apr 17 210/225 Bear Call Spread for near full profit.
🧾 Trade Recap:
Strategy: Bear Call Credit Spread
Entry: Sold 210C / Bought 225C
Expiration: April 17, 2025
Net Credit Received: $3.81
Contracts: 2
Max Profit: $762
💡 Quick Note on the Numbers:
Some platforms will show a return greater than your original credit — like $807 on a $762 max profit — but that’s just temporary pricing distortion due to mark-to-market mechanics and bid/ask spreads. The true maximum profit on any credit spread is always limited to the original premium collected. In this case, that was $762, and I locked in nearly all of it.
🔍 Why I Closed:
With just under two weeks to expiration and $DHR trading around $188, the spread remains far out-of-the-money. I’ve already captured nearly all of the credit, and at this point there’s nothing more to gain — just risk.
This was a clean bearish setup that worked exactly as planned, and I’m not going to hang around waiting for slippage or a short-covering rally.
📌 My Take:
I always close trades when the odds of making more are close to zero — and why this trade is going into the win column.
Thanks for following along. More setups coming soon. -EC
*Disclaimer: The examples in The Options Oracle are my opinion, not financial advice.
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