✅ Take Profit Alert, Mon. 6/2 – META Bull Put Spread +55%
Up 55% with 25 Days Left — Locking In Gains as Resistance and RSI Flash Caution
$META Bull Put Credit Spread
Trade Breakdown:
Strategy: Short 640P / Long 600P
Max Profit Potential: $1,450
Current Profit: $805.00 (55.52% of max gain)
DTE: 25 days remaining
META is ripping higher today and pushing into resistance near $671 with RSI tagging 69. That’s a red zone for me. With 25 days still left on the clock, I’m not looking to test fate.
I’ve captured more than 55% of the premium — a solid win for a spread with a lot of time left.
Why I’m Closing Now
I’m risking $805 of profit to make the remaining $645, and I’m not interested in giving any of it back if META chops or pulls back from resistance.
I prefer to play it safe once I’m over 50%, which is an acceptable take profit level for me on credit spreads— especially with almost a month to go and technicals starting to stretch.
📌 Summary
This trade paid out quickly and cleanly:
✅ Premium captured: 55%
✅ META pressing resistance
✅ RSI: 69
✅ Time left: 3+ weeks
I’m closing it here and booking the win.
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*Disclaimer: These trades reflect my own strategy and opinion, not financial advice.