NEW TRADE IDEA:
New Master Trader Bullish Option Trade on HAS based on price action below.
8/17: HAS – Over $98.90, consider shorting Aug (8/24) $97 naked puts (7 DTE) for a limit of $.50/share (closed at $.65/share but spready). Bullish consolidation on support after retracement from Pro Gap breakout daily, Master Trader Buy Setup on support weekly. With gap down in market, if stock triggers, will be strong. Note: A put spread is fine if can get adequate credit. Stop Loss: $97.18.
