NEW TRADE IDEA: 4/17; OXY – Shorting May (5/11) $78.5/81 bear call credit spread for current mid-point of $.37/share (10 DTE). Climactic Sell Setup, Topping Tail, Major Resistance, and breakdown hourly. Stop $78.12.
by Dan Gibby | May 1, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
NEW TRADE IDEA: 4/17; OXY – Shorting May (5/11) $78.5/81 bear call credit spread for current mid-point of $.37/share (10 DTE). Climactic Sell Setup, Topping Tail, Major Resistance, and breakdown hourly. Stop $78.12.
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