Below is a daily chart of CommScope Holding Company, Inc. (COMM).
Trade: Over $40.45, consider shorting Apr (4/20) $39/35 bull put credit spread (43 DTE) for around closing mid-point of $.60/share.
Technical Setup: Breakout all time frames.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: None for now.
Below is a daily chart of Parker-Hannifin Corporation (PH).
Trade: Over $181.27, consider shorting Apr (4/20) $170/150 bull put credit spread (43 DTE) for around closing mid-point of $1.75/share.
Technical Setup: Big bullish W Bottom on r200-MA daily.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $172.48.
Below is a daily chart of Dr Pepper Snapple Group, Inc. (DPS).
Trade: Over $117.50, consider buying stock.
Technical Setup: Breakout following bullish consolidation from Pro Gap daily.
Stop Loss: $114.98.
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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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NOTE: Master Trader will show opening and closing prices of all stock and option trades. We do not recommend proper share size for your particular trading style, risk tolerance, or account balance. We urge you to calculate your own share size based on your individualized risk parameters, Trading Plan, and familiarity with the proposed trade strategy and risk.
NOTE: Master Trader and its representatives might have existing positions in these and other trade recommendations before or after suggested herein. Additionally, we often manage them differently for internal purposes based on different risk parameters than noted herein.
