Below is a daily chart of Texas Instruments Incorporated (TXN).
Trade: Under $96.28, consider shorting Dec (12/15) $100/105 bear call spread (30 DTE) for mid-point (currently $.57/share).
Technical Setup: Head & Shoulders Breakdown daily, Climactic Sell Setup, Topping Tail and Bearish Reversal bar weekly and monthly.
Option Strategy: Bear Call Credit Spread (BCS).
Stop Loss: $99.22.
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
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