NEW TRADE IDEA: 8/2: FB – Consider shorting half lot Aug (8/10) $170/165 bull put credit spread (8 DTE) for $.55/share (current mid-point is $.50/share but stock and market extended intra-day) and the other half lot around $.65/share. Bullish engulfing after bear gap, stabilization, and Bottoming Tail daily, breakout hourly. Stop Loss: $170.26.
