We are closing the position on the 14/16 19 April call spread that we had initiated on March 17. Volatility has expanded as expected on geopolitical concerns and upcoming first-quarter earnings. We do not foresee the VIX index moving up further in the remaining week till expiration. So we are closing the position today for $1.05 achieving a net gain of $0.75 per contract or over 200%.
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