Yesterday, it was a fairly week day, and I saw an opportunity to get a May trade in. When XHB was trading around 13.65, I sold 2 XHB 14 calls, and Bought 2 XHB 15 Calls. I entered the spread order for .27 and it instantly filled for a credit of $42.20 to my account after commissions.
XHB has been strong lately, and has run into very heavy resistance at 13.75. Even after the boost today, it could only close at 13.71. Best case scenario for me is XHB stays under 14 for the next 16 days. I've got a little protection into 14, due to the credit, and if the market really rallys hard (the S&P couldn't close above resistance at 875 today) then I may close this trade for a small loss.
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