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
Trade closed: target reached
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The credit spread expired worthless so we keep the entire credit of 28/contract for 127%!