$XLK bullish credit spread for this #Friday
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.
Entry 74.33
Break even 74.72
Max profit 75
0.78:1 risk/reward
More info at wingtrades.com
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. Entry 74.33
Break even 74.72
Max profit 75
0.78:1 risk/reward
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%!