✅ Take Profit Alert: Tues. 7/8/25 $AAP Bull Put Spread 85+% Captured
Taking Profit To Avoid a Potential Pullback
I’m closing out the $AAP August 1st $48/$44 bull put spread for a solid gain — and here’s why this makes sense right now.
📈 The Chart:
AAP has followed through beautifully. Price just hit a new swing high at $55.75, breaking out with strength and solid volume. It’s well above both strikes, and the breakout candle confirms momentum is back in charge.
Price is now well above the 10-day, 50-day, and 200-day SMAs
RSI is at 69, nearing overbought
Stochastic is at 83, also in overbought territory
MACD is curling back up, but hasn’t fully expanded yet — so upside is still possible, but may need to cool off soon
Put simply, this move has played out — and then some.
💰 The Trade Breakdown:
$AAP — 48/44 Bull Put Spread (Aug 1 Expiration)
Net P/L: +$1,036.00 (+85.76%)
Days to Expiration: 24
Current Price: $55.75
🧠 Why I’m Closing:
I’ve captured the majority of the premium and the price is nearing short-term exhaustion levels
The breakout happened, and I’m up +85.76% on the spread — closing while liquidity is good makes sense No reason to sit through the next 24 days hoping nothing reverses
The risk-to-reward here is no longer favorable. The lion’s share has been made
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