putspread for 30 days with 12% ROI on $XBI

Market is range bound, My favourite indicator ( Alligator) is falling a sleep, while the market is grinding higher after the latest Trump scare.
After the latest bounce of the support at 66 area, I think its time for a put spread below that area
I priced a -64/+62 may monthly puts, for a 12% roi for 30 days.

Trade fermée manuellement:

closed out this trade as it only had a few cents of value left, and Since I ask myself daily if I would initiate this trade at those levels, the answer was NO... trade closed for a decent profit.