Weekly Bull Call Spread on XLK (Technology Select Sector ETF) — Alpaca Paper Account P&L, Risk Metrics & Trade Analytics
This strategy runs a weekly Bull Call Spread on XLK (Technology Select Sector ETF) via the Alpaca paper-trading API. The spread is a net-debit, defined-risk options strategy with a bullish directional bias. Premium is paid up-front; the trade is profitable if XLK rises above the long strike toward the short strike at expiry.
The spread is opened every Monday morning (9:40 ET) and closed every
Thursday afternoon (15:45 ET), targeting the following Friday's weekly expiry.
Because the Np2 account runs multiple strategies on different underlyings,
all performance metrics on this page are computed exclusively from XLK option legs
(OCC symbols matching XLK[date][CP][strike]).
This strategy requires Level 3 (Spreads) options approval on each Alpaca account. Level 3 allows multi-leg defined-risk spreads (iron butterflies, iron condors, verticals, etc.). Accounts must also be margin-enabled.
Apply via: Alpaca Dashboard → Account → Trading → Options Trading → Level 3.