Hello Everyone,
I hope you guys having a good weekend.
I just started learning Options trading and I have a question regarding Bull Call Debit spread.
Currently I am doing paper trading on Thinkorswim platform.
Few days ago I have bought 1 contract for Call option for the ticker symbol GEV for Nov 15 expiry for $240 to sell.I also bought a call option at $230 for Nov 15 expiry at the same time.As of today I can see September 21, 2024 I see the Profit of $95 on this trade.
My question is that can I close this trade if I want to get this $95 profit(Not real profit though since its still papermoney)?
Posted by Lopsided-Bed-6702
2 Comments
Yeah
The trade can be closed at any time. In fact most traders have rules to close the trade long before the expiration date. When it gets to 21 DTE or to 50% or max profit, for instance.
Holding the trade until expiration can even add risk to it.