Today I closed this position, capturing $448 in net profit after commissions.
The trade developed largely as expected. After a strong advance into fresh highs, upside momentum began to cool, allowing time decay to work in favor of the position. Rather than exposing the trade to unnecessary expiration risk, I chose to realize the gain while the original thesis remained intact.
What Was Opened
The position was opened on June 15 after the stock appeared near the top of my Options Strategist rankings. The original idea was straightforward: the trend remained healthy, but the move had become increasingly extended after several weeks of persistent buying.
The expectation was never a major reversal. A period of slower upside progress or sideways price action was enough for the trade to benefit from premium decay while keeping risk fully defined.
Trade Recap
Structure: Call BWB
Opened: June 15, 2026
Expiration: July 17, 2026
Closed: June 26, 2026
Contracts: 3
Exit Prices:
680C Long Call: $2.53
690C Short Call: $2.14
720C Long Call: $1.35
Exit Broker Fees: –$6.38
Net P/L: +$448 (79%)
👉 View on OptionStrat
👉 View in Trade Log
Final Takeaway
Not every profitable trade requires a dramatic market move. Sometimes the best outcome comes from a market that simply slows down enough for probabilities and time decay to do their work.
This trade followed the original plan from entry to exit, resulting in a $448 net profit after commissions while capital was freed for the next opportunity.
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.