📢 Take Profit Alert – Texas Instruments ($TXN) +87.38%
Friday 8/22 Managing $TXN Spread
Texas Instruments ($TXN) – Sep 19th 185/175 Bull Put Credit Spread
Current P/L: +$831.00 (+87.38%)
Max Reward: $951.00
DTE: 28 days
📈 Chart Take
TXN ripped to $207.33, breaking decisively above the 50-day SMA ($200.82) and the 200-day SMA ($195.73). The bullish momentum is clear:
MACD firmly in positive territory with an expanding histogram.
RSI at 66, showing strong momentum but not yet stretched.
Price holding above both moving averages — signaling a clear trend reversal and continuation higher.
Structure intact: higher highs and higher lows building.
⚖️ Management Call
With 87% of max profit ($831 out of $951) already booked and still 28 DTE left, the risk/reward is no longer balanced.
Closing now locks in gains.
Keeps capital protected and frees up buying power.
The last $120 left on the table carries far more risk than reward given the time remaining.
🔑 Bottom Line:
At nearly 90% profit with 4 weeks left, I’m closing and banking this win. Clean trade execution — great trade!
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*Disclaimer: These trades reflect my own strategy and opinion, not financial advice.