Risk: Try to let price action stop me out at the project stop or manage near a 50% loser to keep the risk small.
Profit: Target hit (initially)
New stop loss moved up to $159.83. I have to move the stop up because with option spreads, as time passes, the options can sometimes loss value if they do not carry enough intrinsic value.
Trade closed: stop reached:
Price has been flirting with my stop all day, so closing here for a $6.56 db. Around a $118 winner, ~22% ROC