Back on for the return HOG ride now
On Friday I identified a suitable entry for the HOG Rider, just as the previous trade closed. Last night, I got the bullish credit spread filled at 75c per contract, using strikes set $2.50 apart. So all up (staying under the $1,000 limit), I got five contracts filled for a $375 reward with a $875 risk over 31 days.
This high potential return comes about due to the high risk in this particular trade as it has a lengthy term and is set reasonably close to the price.