🚨 Take Profit Alert – NFLX Bull Put Spread Up 80%: Wed, May 15
Locking In Gains Before Momentum Wanes
$NFLX Bull Put Credit Spread
Strategy: Bull Put Spread
Symbol: $NFLX
Expiration: May 30 (15 Days to Expiry)
Strike Prices: +1020P / –1095P
Max Profit Potential: $2,590
Current Profit: $2,072 (80.00% of Max Gain)
🧠 Why It Makes Sense to Close Now:
✅ Trend Alignment: NFLX remains in a strong uptrend, and the trade was structured to profit from continued strength — which it has delivered.
✅ Momentum Check: Momentum is still bullish, but stochastics are in overbought territory, signaling price could soon stall or pull back.
⏳ Time Decay Window Shrinking: Only 15 days left to expiration — Theta decay benefits are diminishing while risk of reversal grows.
🎯 Risk/Reward Efficiency: With 80% of max profit already realized, I am risking $2,072 in open profits to potentially gain just $518 more — not a favorable risk/reward profile.
📌 Action to Take:
Closing the spread and booking profits to lock in gains and eliminate tail-end risk. Redeploy capital into setups with fresh catalysts.
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*Disclaimer: These trades reflect my own strategy and opinion, not financial advice.