We closed AGN put spread at a great price today into strength to avoid 3.5 days of additional risk!
And we are holding nice open profits (over 50% of Max Profit) on our three remaining credit spreads — despite the underlying stock going against us on two of them !
This is why we love this strategy of selling options around compelling patterns — to profit from time decay, volatility contraction and, of course, being right on the directional move.
But because of option pricing, as you can see, we can profit even when wrong on market direction!
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