This is a follow-up to Bear Call Spread – HOOD, published on July 18.
HOOD – 130/135 Call Credit Spread (Exp. Aug 1st)
📅 Entry: July 18
📅 Exit: July 29
💰 Net P/L (after commissions): +$560
🔧 Max Reward: $680
📊 Premium Captured: 74%
🧠 Why I Closed Early:
Originally planned to hold until expiration, but chose to lock in gains during the July 29 session.
Key reason — HOOD reports earnings on July 30, and I didn’t want to carry the trade through potential post-earnings volatility.
📉 Technical Take:
Price remains below the $130 short strike — still favorable for the spread.
However, rising implied volatility into earnings shifted the risk/reward balance. Taking profit while it’s clean.
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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.