As we continue to prioritize consistent premium income and nimble position management, today’s trade in the $100K account exemplifies the approach: close the position when the majority of the profit is captured.
✅ $100K Account Trade
🔒 Buy to Close 1 $HIMS Jun 20 $50 Put for $71
- Total Premium Collected (earlier): $400
- Total Profit: $329
- Strategy: Cash-Secured Put
- Why Close Now?
- Over 80% of max profit already realized.
- Reduces risk exposure with over two weeks left to expiry.
- Keeps capital free for higher-opportunity trades.
- No need to wait for the last dollar—we trade probabilities, not hope.
📌 Strategy Reminder
We don’t sell puts to acquire shares—we sell puts to generate cash. If a position moves in our favor, we secure profits early and move on. If it goes against us, we roll when it makes sense to collect additional credit or manage risk.
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Disclaimer: This post is for educational purposes only. Options trading involves risk. Past performance does not guarantee future results. Always trade with a plan and never risk capital you can’t afford to lose.