Below is a daily chart of Automatic Data Processing, Inc. (ADP).
Trade: Over $116.08, consider buying Oct (10/27) $114/117 bull call spread (5 DTE) at mid-point (closed at $1.90/share).
Technical Setup: Breakout after bullish consolidation above the r20-MA daily.
Option Strategy: Bull Call Debit Spread (BCS).
Stop Loss: $114.55.
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Greg Capra
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Pristine’s Founder and Creator of the Pristine Method
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Chief Options Strategist
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NOTE: Master Trader will show opening and closing prices of all stock and option trades. We do not recommend proper share size for your particular trading style, risk tolerance, or account balance. We urge you to calculate your own share size based on your individualized risk parameters, Trading Plan, and familiarity with the proposed trade strategy and risk.
NOTE: Master Trader and its representatives might have existing positions in these and other trade recommendations before or after suggested herein. Additionally, we often manage them differently for internal purposes based on different risk parameters than noted herein.
