🎯 Profit Taken: ANET & COHR Bear Call Spreads – Both Expired OTM
✅ $530 profit (100%)
Both positions opened on April 20 closed fully out-of-the-money, resulting in complete premium capture across both structures.
This was a split execution week — same setup, two tickers.
Trade Recap
Structure: Bear Call Spreads
Expiration: Apr 24, 2026
ANET
180 / 185
10 contracts
Credit: $300
Fees: –$8.10
Net P/L: +$292
COHR
397.5 / 402.5
10 contracts
Credit: $250
Fees: –$11.67
Net P/L: +$238
Total Net P/L: +$530
👉 View ANET on OptionStrat
👉 View COHR on OptionStrat
👉 View in Trade Log
How It Played Out
ANET
Price pushed higher early in the week and came uncomfortably close to the short strike — this was the only real moment of pressure.
However, the move never transitioned into acceleration and stalled just below the key zone into expiration.
COHR
Clean structure throughout the week.
After the initial push, price failed to extend meaningfully and stayed well below the short strike without creating any pressure on the position.
Both trades resolved the same way:
no continuation → time decay did the rest.
Post-mortem
This was a textbook post-expansion premium capture across multiple names.
→ Both tickers entered the week after strong upside moves
→ RSI elevated, price extended from the mean
→ No acceleration phase developed mid-week
→ Continuation failed to sustain
ANET is worth noting separately.
Despite closing below the strike, the stock continued to show strong upside behavior during the week and remains extended.
If anything, the setup is now even more pronounced heading into next week — but only if structure confirms.
The takeaway stays the same:
The trade works not because price reverses,
but because it fails to keep moving at the same speed.
Disclaimer
All content is for informational purposes only and does not constitute financial advice.Any trades or strategies should be tested in a simulated environment before use.Trading involves risk, and all decisions are the sole responsibility of the reader.
Thanks for the recap. I have a question. You said, "Price pushed higher early in the week and came uncomfortably close to the short strike — this was the only real moment of pressure." Perhaps I didn't accurately judge the degree of pressure the short strike was under, but when the price breached 177 on Wednesday, and again on Thursday, I felt more than a little pressure. You seemed to be MIA due to your hacking issues so I consulted your AI agent, which recommended I manage the trade aggressively and defensively, and look to exit if the price remained above at the 177 mark, which it did. It felt like we were one Trump tweet away from easily going above 180 (I have other similar growth stocks that were gyrating sharply up all week due to his blustering.) I ended up exiting the trade early at a loss - my decision, I know. Now it seems I acted prematurely, or misread the situation. I'd appreciate your views on at what point you might have exited and how you might manage this kind of price pressure in future.