claypuzzle

KRE call credit spread Apr 16 expiry

AMEX:KRE   SPDR S&P Regional Banking ETF
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