Below is a daily chart of Lennar Corporation (LEN).
Trade: Consider shorting Nov (11/17) $55/50 bull put spread (29 DTE) for mid-point of $.45/share.
Technical Setup: Breakout daily after consolidation after bullish run, bullish weekly/monthly to new multi-year highs.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $55.38.
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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