Last Friday (Aug 29) I opened a non-typical position for my playbook — a put debit spread on Alphabet Inc (GOOG). Instead of selling premium, this time the idea was to test a defined-risk directional setup.
Exit
On Tuesday, Sep 2, GOOG moved sharply lower. That gave me the chance to close the spread for a + $518 net profit (after commissions).
Reasons for the early exit:
The move came quickly, offering a solid profit in just a couple of days.
GOOG remains in a strong long-term uptrend — I view this as a correction rather than a trend reversal.
This was an experimental trade, outside of my typical credit spread setups. Locking in gains made sense rather than tying up capital until Oct 17.
Details
Long Put: $210 @ 9.33 → $1,396 gain
Short Put: $200 @ 5.17 → -$878 loss
Net Result: +$518 after broker fees
👉 View on OptionStrat
👉 View in Trade Log
Wrap-up
This quick outcome underlines the difference in trade management between debit and credit spreads. For me, it was less about holding to expiration and more about testing a setup — and capturing profit when it presented itself.
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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.