With the market volatility and conflicting signals, it is tough to find high-probability setups now with sufficient premium to make the risk acceptable.
Thus, we are making no new trade recommendations until we see how the market opens and trades in the morning session.
Here are some stocks we are watching for possible bull put credit spreads and we will advise if they set up.
SPDR Dow Jones Industrial Average ETF (DIA)
United Parcel Service, Inc. (UPS)
SPDR S&P Regional Banking ETF (KRE)
VIDEO ON OPEN TRADES AND ADJUSTMENTS
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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
Trading the Pristine Method — Origin and End
Dan Gibby
Chief Options Strategist
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NOTE: Master Trader will show opening and closing prices of all stock and options trades. We recommend that all traders and investors use proper share sizing for positions and money management. However, we cannot recommend what that is for your particular trading style, risk tolerance, or account balance.
We urge you to calculate your own share/position size based on your individualized risk parameters, Trading Plan, and familiarity with the proposed trade strategy and risk. Advanced Management Strategies (AMS) covers in detail foundational and advanced position and money management.
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