Below is a daily chart of Roku, Inc. (ROKU).
Trade: Consider shorting Nov (11/10) $18/16 bull put spread (10 DTE) for $.35/share (current mid-point is $.30/share but extended).
Technical Setup: Bullish bounce from mid-point of bullish +WRB when went public.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $18.18.
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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