New Master Trader Bull Put Credit Spread on CGC based on price action below.
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Of great importance is: Money Management Considerations When Selling Option Credit Spreads for Income.
9/25: CGC – Consider shorting Oct (10/5) $46/40 bull put credit spread (10 DTE) around current mid-point of $.60/share, but a limit of $.55/share. Gap over bullish engulfing bar at r20-MA from bullish reverse head and shoulders, bullish weekly and monthly. Caution: Cannabis sector so high volatility. Stop Loss: $46.18 to start.
