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