Because the Bear Put Spread is a high-reward directional play, we don’t always wait for expiration.

• The Target: If you paid $1.52 and the spread is now trading for $3.00 (nearly 100% ROI), many pros will take the profit and run.

• Why? It removes the risk of a late-day market reversal.

👨‍🏫 Mentor’s Insight: The ‘Double Your Money’ Mindset

“Stephen here. In directional trading, greed is your biggest enemy.

If you are up 100% on a trade that still has 10 days to go, take the profit. You don’t need to squeeze every last penny out of the spread. By closing early, you avoid the ‘Friday Afternoon’ drama and free up your capital for the next ‘Smarter Bear’ opportunity.

In our weekly 1-on-1 mentoring sessions, I’ll help you set ‘Limit Orders’ so your profits are taken automatically while you’re away from the desk. Are you sitting on a 50% gain right now? Book a Free Strategy Call today and we’ll look at the ‘Time Value’ remaining to see if it’s time to exit.”