Sold this when IBM was at $220 and it's now moved up to $241 in about 2 weeks.
As such, the profit target of 70% max premium had been achieved with 59 DTE remaining.
There is less reason to hold on to the trade when little remaining premium and with still almost 2 months to wait so closing the trade is the right action to take.
Earnings on 21st Oct so this action also remove binary conclusion that will lower the risk to reward of the trade.Modify on 2026-10-21 11:27
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- LeilaLynch·10-21 11:3359 DTE with 70% of max already done, I’d close it too. Theta really stops paying enough once you’re still that far from expiry.LikeReport
- AuntieAaA·00:33GoodLikeReport