Have been trying bull put spread. I understand the sweet spot is normally 21dte/50% profit for a 30-45dte, but whenever possible, I will close the trade at 25-30% profit in the first few days.
Example, on 18 Dec 2025:
75/70 bps on uber
30 Jan 2026 expiration (43dte)
0.93 credits
Closed on 22 Dec 2025 (4days in)
$30 profit (34.41%)
I think it makes sense since I’m ‘wasting’ time (1-2weeks) waiting for the other 20-25%. Well, of course, it works until it doesn’t… Any inputs and comments are welcomed! Appreciate it!