🎯 Take Profit Alert: Closing AVGO, TSM & DASH Credit Spreads
✅ Locking in gains with over 80% premium captured
🧠 Trade Management Logic:
At 80%+ profit, the edge shifts.
Risk = still real. Reward = mostly gone.
Capital’s better off working in the next setup.
🧬 $AVGO – Aug 29th 270/255 Put Credit Spread
Current P/L: +$823 (+81.49%)
Max Reward: $1,010
📊 Technical Take:
The spread is now deep OTM and the premium’s been drained. I’m sitting on over 80% of the reward, and the stock is behaving.
❌ My Move: Closing
The remaining $187 isn’t worth staying in the trade— time to close and move on.
🧠 $TSM – Aug 22nd 225/210 Put Credit Spread
Current P/L: +$784 (+80.82%)
Max Reward: $970
📊 Technical Take:
TSM has held strong and this spread decayed beautifully. The price action hasn’t threatened the short strike at all.
❌ My Move: Closing
This trade is over. No need to babysit it for the last 20% — the work is done, and I’m banking the profit.
🛵 $DASH – Aug 29th 235/220 Put Credit Spread
Current P/L: +$862.00 (+82.10%)
Max Reward: $1,050
📊 Technical Take:
I sent out an earnings risk alert thread yesterday that if you took the 48% before earnings, you wouldn’t be wrong if you didn’t want the heat. If you held — this is what you held for.
❌ My Move: Closing
Post-earnings relief gave us the follow-through. No reason to get greedy now — I’m closing with 82% profit locked in.
📌 Final Note:
This is disciplined trading — not chasing the last dime of premium. These spreads worked, the profits are real, and I’m recycling capital into fresh setups.
📬 Want Trade Setups Like These Sent to You Daily?
If you want to receive high-probability trade setups like these every day, straight to your inbox — along with technical analysis, strike price, and trade management updates — consider becoming a subscriber to The Options Oracle and start trading with an edge.
*Disclaimer: These trades reflect my own strategy and opinion, not financial advice.
Great job Edward. Thanks!
Well done sir!