High risk bullish credit spread on XLK . Solid gap down in tech this morning, but not showing signs of continuation bearish . This is one of the set-it and forget-it spreads as we will let it go all the way till exp .
Break even 74.72
Max profit 75
More info at wingtrades.com
Trade closed: target reached:
The credit spread expired worthless so we keep the entire credit of $28/contract for 127%!