We took another win off the table today by closing out a put position early, locking in solid profit and freeing up capital for new opportunities.
💼 $100K Account Trade
✅ Buy to Close: 1 $HIMS Jun 20 $50 Put
- Credit Received: $65
- Total Profit on the Position: $150
- Original Strategy: Sell premium on strong tickers to generate cashflow
- Trade Duration: Short hold with favorable price action
💡 Trade Commentary
This was a textbook execution of our income strategy:
- Entered at a favorable premium, aiming to collect income without the intent to take assignment.
- Price stayed above strike, allowing us to buy to close and capture the majority of the premium early.
- Closing this position not only locks in gains but also improves capital efficiency as we seek new trades.
🔁 Strategy Reminder
We are not selling puts to acquire shares at a discount.
We’re using them to generate steady cashflow. If tested, we’ll roll or manage smartly based on risk/reward—not emotions.
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Disclaimer: This content is for educational purposes only. Trading options involves risk and is not suitable for all investors. Please consult a financial professional before acting on any trade ideas.