The Bear Call Spread on LRCX, opened on January 9, was closed today after price recovered back into positive territory.
This trade did not develop according to plan. Following entry, LRCX continued higher and remained under pressure, especially after positive earnings — a reminder that positioning ahead of earnings is always a lottery, even with defined risk. This is a clear lesson for me and something I intend to avoid going forward.
Once price rolled over and briefly pulled back, I exited immediately as the position turned profitable. There was no reason to overstay or push for the original target after the path had already deviated.
Both legs were closed simultaneously.
Net result after broker commissions: +$130
Not a textbook execution, but a disciplined exit — risk reduced, capital released, lesson logged.
Trade Recap
Structure: Bear Call Spread
Underlying: LRCX
Expiration: February 20, 2026
Strikes: 220 / 230
Contracts: 4
Entry: January 9, 2026
Exit: February 4, 2026
Result: +$130 net after commissions
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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.