THO Income Trade 8-3-18

NEW TRADE IDEA: 8/2: THO – Consider shorting Aug (8/17) $90/85 bull put credit spread (14 DTE) for $.75/share or better (current mid-point is $.65/share but spready). Bullish retest and +WRB after breakdown daily, monthly support. Stop $90.18.

Pullback on Pro Gap 8-1-18

NEW TRADE IDEA: 8/1:  TEAM – Consider shorting Aug (8/17) $70/60 bull put credit spread (17 DTE) for mid-point $.65/share.  Pull back from Pro Gap Breakout to all-time highs and reversal bar daily, breakout hourly.  Stop $70.49.