Below is a daily chart of Alphabet Inc. (GOOGL).
Trade: Over $1,069, consider shorting Dec (12/29) $1055/1042.5 Bull Put Credit Spread (3 DTE) for mid-point (closed at $1.10/share).
Technical Setup: Bullish pull back and Bottoming Tail above r20-MA daily after all-time high, bullish weekly and monthly.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $1,057.
All the best,
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Chief Options Strategist
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