✅ Take Profit Alert, Wed. 6/18/25
When I Lock It In and When I Let It Ride—A Look at $DELL, $HIMS, and $NFLX
📈 Managing Trades at 50% Profit: Time to Book It or Sit Tight?
Hey traders and investors,
When a position hits 50% of max profit, that’s when I like to stop and evaluate. That’s my baseline for minimum take profit—it doesn’t mean I always close there, but it’s my cue to look at the chart and ask: Is there more juice left, or is it time to get paid and move on?
Let’s break down a few spreads I’m holding and walk through the thinking behind whether to take profit now or hold—based on the chart and indicators to make a smart move.
💻 $DELL — 110/100 Bull Put Spread (30 DTE)
Unrealized P/L: +50.90%
DELL has been flagging just under $117 with a rising 9 EMA and 21 EMA below. Support around $111 has held beautifully. Volume’s steady, RSI is cooling off near 63, and MACD is flat but not bearish. This trade still has time and room.
My take: I’m holding this one for now. The trend is intact, we’re trading above the 200-day, and there’s no weakness showing on the chart. If it stalls or RSI pushes into overbought and rolls, I’ll reassess—but not pulling the plug yet.
🧪 $HIMS — 55/47 Bull Put Spread (15 DTE)
Unrealized P/L: +63.28%
This one's a different story. We’re pressing up against minor resistance near $61, and even though momentum still looks fine, there’s not a lot of upside from here. RSI is 62, MACD is flattening, and we’re 15 days out with 78% of max profit already banked.
My take: I’m closing this. I don’t need the extra risk for the last of the premium. 63% in under three weeks is a win. Bag it, log it, and free up the capital.
📺 $NFLX — 1180/1140 Bull Put Spread (23 DTE)
Unrealized P/L: +57.01%
Netflix is consolidating just under all-time highs. RSI is at 61, MACD is turning down but not flashing any urgent warnings. We’ve got 23 days to expiration, and the short strike is sitting well below at $1,180 while the stock holds above $1,220.
My take: I’m would be keeping this open. Price is behaving just fine, and we’ve got decent time left. But I’m watching the MACD closely. If momentum starts fading faster or we dip below $1200, I’ll lock it in early. *(I placed a limit order but did not get filled on this one)
🔁 Bottom Line:
50% profit is a check-in point, not an automatic close. If the chart looks strong and the trend’s intact, I’m fine riding it a bit longer. But if we’re tight on time or bumping into resistance with most of the premium already captured—take the win.
No need to be greedy. Manage the trade like a business. Lock the profits when the risk-reward flips against you. That’s how I play it!
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*Disclaimer: These trades reflect my own strategy and opinion, not financial advice.
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