Below is a 30-Min. chart of Canadian Solar Inc. (CSIQ), $16.23.
Revised entry from last night’s trade recommendation:
CSIQ – With intra-day hourly buy setup at $16.23, consider buying the stock and selling Aug (7/21) $19 calls (36 DTE) for a new debit of $15.98/share. Note: Earnings 8/16, but we like this pattern as a core trade so will hold through it. Stop Loss: $14.88.
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 and Pristine Founder
Dan Gibby
Chief Options Strategist
Follow Greg on Twitter, YouTube, and StockTwits to get real-time updates and education:
Twitter: @GregCapra
Stocktwits: Greg_Capra
youtube.com/c/mastertrader (please subscribe to receive all the timely stock market updates)
