Max Loss on Setup: $550
Max Profit on Setup: $150 (27.3% )
Break Even: 25.50 versus 25.75 spot
Debit Paid/Spread Width Ratio: 78.6%
Notes: You know the drill. Manage these like a covered call, rolling the short call out on approaching worthless and, if necessary, down, but not past your cost basis/break even.