In the club today, we also closed our XLU call spread for a profit. XLU, even though it was up today, has remained below our thesis price and decreasing volatility and time decay have really helped us in this short trade. We bought back the 48 call for $0.08 and sold the 49 call for $0.02, resulting in a profit of $0.16 or with 5 contracts, $80.
– Michael and Nolan