Opened T bull put spread

I've opened a bull position on T, with the stock priced at $25.30.

The structure is a March bull put spread, long the $25 strike and short the $26. It produced a premium of 60 cents credit. Interestingly, going a month further out, to the April options, only added 6 cents to the premium.

The maximum profit at expiry, 10 days hence, comes at $26 or above. That price is below near-term resistance.

See my earlier analysis, "T bull signals", for my reasoning for entering th is position.