Hello
Well, that was a crazy enough couple of days! The spread XLF trade was closed out at a profit. The trade ended at $0.89. That is a profit of $0.20 or 34% before fees and commissions. Some reasons for the trade ending are below. The original post can be found here. On to the next trade!
- Market Volatility drove this trade
- Earnings for banks start tomorrow which could eliminate volatility and value would evaporate
- Time value actually went up this week!
**
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