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.

 

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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