KRE call credit spread - back logging entry, not at expiry yet
At likely channel high resistance
Driving in hard rally
The center line is well respected
Likely a -2 to +2 sigma move and then roll over
Danger is rally expansion after a consolidation so need short strike to be as high as possible
Aggressive sellers above in DBD supply zone
Short strike at 70 is at the distal edge of supply with a liquidity search rally spike just below it
Opened as 4 DTE, 19% ROI
Got the decline this morning and trade looks good for Fri expiration Apr 16
At likely channel high resistance
Driving in hard rally
The center line is well respected
Likely a -2 to +2 sigma move and then roll over
Danger is rally expansion after a consolidation so need short strike to be as high as possible
Aggressive sellers above in DBD supply zone
Short strike at 70 is at the distal edge of supply with a liquidity search rally spike just below it
Opened as 4 DTE, 19% ROI
Got the decline this morning and trade looks good for Fri expiration Apr 16