The September 2 setup on Roblox Corp (RBLX) turned out to be a lesson in discipline.
Unlike my usual process, I entered this trade without any of my three reversal patterns in play. Instead, I relied purely on a visual read: price opened below the prior week’s close, and I assumed it would struggle to retest $135. That led me to place a 10-delta bear call spread at 135/140 right at the open.
But immediately after entry, bulls took control. RBLX ripped higher, leaving me stuck in an uncomfortable drawdown and sitting on paper losses for most of the week.
Today, rather than risk a late-week gap against the position, I decided to close early and lock the gain while it was available. The trade ends in profit, but only thanks to favorable timing — not because the setup was sound.
🧭 This one is a reminder: stick to the system. Luck shouldn’t be part of the plan.
Trade Recap
Structure: Bear Call Spread
Expiration: Sep 05, 2025
Short Call: 135C (10 delta)
Entry: $0.40
Exit: $0.08Long Call: 140C
Entry: $0.14
Exit: $0.02Contracts: 17
Gross Credit (entry): $0.26
Broker Fees: –$28.11
Net P/L: +$311
👉 View on OptionStrat
👉 View in Trade Log
Post-mortem
This trade had the wrong foundation: no valid bearish pattern, just a hasty entry.
The market quickly moved against the position, and holding on meant enduring uncomfortable swings. In the end, theta and volatility worked in my favor — but that’s not repeatable edge.
The profit is welcome, but the real value here is the lesson: stay patient, wait for proper setups, and don’t rely on luck.
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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.