$VRT 20261030 260.0 CALL$ VRT: take profit.

Preset profit taking at 80% of max premium and this was achieved today.

Trade took 4 days to hit 80% of max premium with 14 DTE remains. 

while premiums are collected fast, the underlying trade meant my shares holding are taking on larger paper loss so overall this is a losing trade where I'm in the situation of holding Li ng shares and depleting premium collection at ever lower strikes. 

Something that all options wheel strategy trades afraid of. 

Have a great weekend. 
VRT CALL
10-16 23:14
US20261030 260.0
SidePrice | FilledRealized P&L
Buy
Close
1.15
1Lot(s)
+80.03%
Closed
Vertiv Holdings LLC
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  • snoozii
    ·10-17
    That is exactly where wheel trades get exposed — premium comes in fast, but the stock bleed eats it alive
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