A trade we called this morning on the bull bear binary hour taking profits off as it hits the low of this expected range.
In reviewing the different options that where available. This one was selected do to the profit potential and the premium being in our favor.
The trade setup looke like one in the morning of that of a flat market so we had some decent premium to collect (about $40 to $50 per contract) Plus another $50 to $60 in directional value. Took in about 80% of max profit and called it a day. Not bad for a days work on a single trade.