Below is a daily chart of Allergan plc (AGN).
Trade: Consider shorting Jan (1/19) $160/155 Bull Put Credit Spread (17 DTE) for current mid-point of $.65/share or better (since extended intra-day).
Technical Setup: Bullish W Bottom with +WRB today (if closed here) daily, Climactic Buy Setup monthly.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $161.88.
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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