Below is a daily chart of The Boeing Company (BA), $236.81.
Trade: Consider shorting Sep (9/15) $242.5/247.5 bear call spread (10 DTE) for around current mid-point of $.75/share (but should get price improvement since extended hourly chart).
Technical Setup: Bearish consolidation daily chart (and didn’t rally with bullish market last week), with Climactic Sell Setup monthly chart.
Option Strategy: Bear Call Credit Spread (BCS).
Stop Loss: $242.32.
Below is a link to individual videos explaining in greater detail the definitions of the main option trading strategies used in the Master Trader Option Strategies Series for Investors and Active Traders to generate wealth and income.
Description of Master Trader Directional and Income Option Trades can be seen HERE
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
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
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Twitter: @GregCapra
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