Below is a daily chart of Roku, Inc. (ROKU).
Trade: Consider shorting Jan (1/19) $53/57 bear call credit spread (14 DTE) for around current mid-point of $.45/share.
Technical Setup: Bearish Pro Gap under Major Support daily, Climactic Sell Setup, Topping Tail and bearish engulfing weekly chart.
Option Strategy: Bear Call Credit Spread (BCS).
Stop Loss: $53 initially.
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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