📢 Take Profit Alert: $EL

✅ Wednesay 10/8 Locking in gains $EL (+77.0%)

Estee Lauder ($EL)
Position: Bull Put Credit Spread
Current P/L: +$997.50 (+77.0%)
Max Reward: $1,295
DTE: 9 days

📊 Chart Take: EL has made a strong push higher, reclaiming key moving averages and showing solid momentum. Price is now pressing into a resistance zone around $96–$98, where sellers have stepped in before.

⚖️ Management Call: With 77% of max profit captured and only 9 DTE left, the premium left isn’t worth the risk of a short-term stall or reversal near resistance.

🔑 My Take: Closing this spread and taking profit.

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✅ Bottom Line: Booked +$997.50 (+77%) on EL. Taking risk off as resistance approaches.

✨ Pro tip: My AI trading tool The Options Oracle Trade Manager is excellent for managing spreads and CSPs — it keeps you disciplined, risk-aware, and consistently profitable.

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*Disclaimer: These trades reflect my own strategy and opinion, not financial advice.