SPX trade 5

I made this trade last week on 3/14. Sorry it took a few days to post. Busy @ work and doing taxes.

Key things I focused on when I made this trade:

*Sp500 all time closing high is 1565
*Sp500 all time intraday high is 1576
*We were almost 10% above 200 day moving average of 1423 on the SPX

I felt like it could push to challenge highs this week and then pause and consolidate like we did when we first broke 1500.

Here is the parameters of the trade:

•1595/1600 call spread
•.09 Delta (91% chance of success @ the time I entered the trade)
•$111.84 net credit
•5.59% return in 15 days ($111.84/$2000 margin)
•option expiration is on march 29th

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