✅ Take Profit Alert: GSK Vertical Put Spread Closed for 74% Gain
GSK Delivered — I’m Taking the Win and Moving On
$GSK Bull Put Credit Spread
Strategy: Bull Put Spread: $GSK
Expiration: June 13 (23 Days to Expiry)
Strike Prices: +37P / –38P
Max Profit Potential: $870
Current Profit: $645 (74.14% of Max Gain)
Closing the spread and booking profits. The short 38P has gained $1,620 total since opening, while the long 37P offset some of that with a $975 loss. Net result: $645 locked in, and no more downside risk.
Why I’m Closing Now:
There’s no need to hold the remaining risk for just $225 more in potential reward. With 74% of the profit in the bank and plenty of time left on the clock, this is a smart, clean exit.
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*Disclaimer: These trades reflect my own strategy and opinion, not financial advice.