Below is a trade just published in our Advisory Letter.
As a value add to YOU, please enjoy this educational video lesson further describing the rationale and benefits of this trade, along with our reasoning for the strikes and expirations selected.
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Below is a monthly chart of Philip Morris International Inc. (PM).
Trade: Anywhere between $107.70 and closing price of $108.92, consider buying the following bull call diagonal for a core trade: buy Jun (6/15) $95 call options (144 DTE) and sell Feb (2/2) $111 call options (12 DTE) at mid-point (closed at $14.23/share so paying less than $.25/share time value).
Technical Setup: +WRB Breakout daily, huge Bullish Double Bottom (W Formation) weekly, bullish Master Trader Buy Setup on r20-MA and Minor Support monthly.
Option Strategy: Bull Call Diagonal (BCD).
Stop Loss: $104.74.. Note: Earnings 2/8.
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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Twitter: @GregCapra
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