Below is a daily chart of Papa John’s International, Inc. (PZZA).
Trade: Consider shorting Feb (2/16) $55/50 Bull Put Credit Spread (35 DTE) for current mid-point of $.65/share.
Technical Setup: Breakout from multi-month bottoming pattern daily, bullish W Formation weekly.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $55.50.
