Vertical Spread on CRCL Nets $244
In the fast-moving world of options trading, some trades are quick hitters—and that’s exactly what this CRCL $212.5 put spread turned out to be.
📊 Trade Details
-
Sold 1 CRCL $212.5 Put @ $3.70
-
Bought 1 CRCL $212.5 Put @ $1.25
-
Net Credit: $2.45
-
Max Profit: $245
-
Profit Captured: $244
-
Expiration: June 20, 2025
This defined-risk vertical was a smart way to play short-term directional bias while managing downside exposure tightly.
🧠What Worked
-
Theta Decay: With a short time to expiry, time value was on my side.
-
Tight Spread Management: Locked in most of the credit before expiration, avoiding pin risk.
-
Defined Risk: The setup made risk control effortless—$255 risk for $245 reward.
✅ Final Thought
Vertical spreads like this are excellent for high-conviction setups when you want capped risk and capped reward. One day, one setup, and one solid win.
