Trade Alert 4/11/2025

We are bought back at a profit 2 of our 3 bear call spreads in XLE. We anticipate a bit of a market correction is setting up. That should give us an opportunity to reinitiate some hedges and strategy. Buy to close: XLE May 16th (monthly) 85.00 strike call Sell to close:  XLE May 16th (monthly) 88.00 strike call Debit: 0.52 Profit of $0.18 per spread We are in a great spot to allow our QQQ bear call spread to expire worthless for a profit. If we get a correction, we may use the $64.00 of profit to purchase a short-term put spread. We will see if we can turn a small risk into a larger sum of capital with a couple of trades. As long as QQQ is settling below 465/share we can simply let the April 11th weekly calls expire for a max profit of the credit received.