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.

#creditspread #Bullish #HOG

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