Below is a daily chart of Intuit Inc. (INTU).
Trade: Consider shorting Oct (10/10) $140/135 bull put spread (15 DTE) for current mid-point of $.70/share or better since extended hourly chart.
Technical Setup: Two Bottoming Tails on Major Support and rising 20-MA chart daily, uptrend weekly/monthly.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $140.38.
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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