NEW TRADE IDEA:
New Master Trader Bullish Trade Ideas on P and LMT based on price action below.
Reminder, please read the value-added documents at the bottom of your member area.
Of great importance is: Money Management Considerations When Selling Option Credit Spreads for Income.
9/10: P – Over $8.95, consider buying stock. Master Trader Buy Setup and bullish engulfing reversal above r20-MA after +WRB Breakout daily, bullish weekly. Stop Loss: $8.40.
9/10: LMT – Over $330.88, consider shorting Sep (9/21) $317.5/307.5 bull put credit spread (11 DTE) for mid-point but limit of $.60/share (closed at $.75/share). Breakout daily and weekly, bullish monthly. Stop Loss: $319.48.
