Below is a daily chart of The Goldman Sachs Group, Inc. (GS).
Trade: Over $247.74, consider shorting Nov (11/10) $240/232.5 bull put spread (7 DTE) for current mid-point but with limit of $.57/share (closed at $.63/share).
Technical Setup: Bullish multi-week consolidation and breakout daily and weekly with price void above.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $239.98.
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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