New Bull Put Credit Spread Idea on IWM
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Of great importance is: Money Management Considerations When Selling Option Credit Spreads for Income.
10/9: IWM – Consider shorting Oct (10/12) $160.5/156.5 bull put credit spread (3 DTE) around current mid-point of $.42/share. Climactic Buy Setup, Bottoming Tail, and bullish engulfing at the r200-MA on the daily. Stop Loss: $160.54.
