Below is a daily chart of First Solar, Inc. (FSLR).
Trade: Over $63.10, consider shorting Dec (12/8) $59.5/54.5 Bull Put Credit Spread (9 DTE) for a limit of (closed at $.97/share).
Technical Setup: Breakout daily/weekly after bullish multi-week consolidation daily.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $59.48.
Although lagging FSLR, here is weekly chart of SPWR in the same sector we will monitor since it looks like it is bottoming.
Below is a daily chart of Caterpillar Inc. (CAT).
Trade: Over $139.00, consider shorting Dec (12/8) $137/133 Bull Put Credit Spread (9 DTE) for a limit of $.45/share (closed at $.49/share).
Technical Setup: Breakout after bullish consolidation daily and weekly, and Breakdown Bar Failure on 11/15/17.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $136.88.
Adjustments and Comments on Open and Closed trades in Master Trader’s Weekly Options Trader. Note: Our Trade Updates are timely posted in a separate Report in the Member’s Area. Please CLICK HERE to see that document for a current reflection on all Open and Closed Trades since the spreadsheet updates immediately and will always be more current than this e-mail update.
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
Follow Greg on Twitter, YouTube, and StockTwits to get real-time updates and education:
Twitter: @GregCapra
Stocktwits: Greg_Capra
youtube.com/c/mastertrader (please subscribe to receive all the timely stock market updates)
