Below is a daily chart of Harley-Davidson, Inc. (HOG).
Trade: Consider shorting Nov (11/17) $46 naked puts (22 DTE) for a limit of $.37/share (currently $.34/share but want small improvement).
Technical Setup: Bullish Wide Range (+WRB) from failed breakdown daily and consolidation at Major Resistance after 100% retracement, weekly Bullish +123 continuation if closes here. Note: View Greg Capra’s pre-market review for further description on the technical pattern.
Option Strategy: Short Puts (SP).
Stop Loss: $45.98.
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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