$MPC VERTICAL 261016 CALL 410.0/CALL 400.0$ MPC: take profit on preset target of 100%.

These bull call spread were setup to catch long oil potential. 

Bought on debit for $4.4 per pair on 11th Sept and now they were sold at $8.9 after holding on for almost 1 month. 

MPC also broke out of its all time high made just in 21st Sep and now is making new high again today if price holds. 
MPC Vertical
10-07 21:55
US410.0/400.0
SidePriceRealized P&L
Credit
Close
-8.90--
Closed
MPC VERTICAL 261016 CALL 410.0/CALL 400.0
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  • snixxx
    ·10-08 00:02
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    Nice spread. The breakout holding after Sep 21 was the bigger tell, so a 100% preset target makes sense for a 1 month structure, and the time window mattered as much as price.
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    • Terra_Incognita: 
      Thanks. Didn’t think it would break new high, range bound work just as well for the setup
      10-08 18:16
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