Below is a daily chart of PayPal Holdings, Inc. (PYPL).
Trade: Consider shorting Jan (1/12) $74/70 Bull Put Credit Spread (9 DTE) for a limit of $.29/share (currently $.26/share).
Technical Setup: +WRB from consolidation and converging r20-/50-MA daily, bullish weekly.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $74.04.
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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