New Master Trader Bull Put Credit Spread on ULTA

NEW TRADE IDEA: New Master Trader Bull Put Credit Spread on ULTA based on price action below. 8/20:  ULTA – Consider shorting Aug (8/24) $232.5/227.5 bull put credit spread (4 DTE) for current mid-point of $.45/share.  Breaking out from bullish consolidation on...

New Master Trader Bull Put Credit Spread on TSLA

NEW TRADE IDEA: New Master Trader Bull Put Credit Spread on TSLA based on price action below. 8/20:  TSLA – Consider shorting Aug (8/24) $275/265 bull put credit spread for around current mid-point of $1.03/share.  +WRB after -Gap to Major Support.  Stop Loss...

Weekly Options Trader for Week of 8-20-18

With the market volatility and conflicting signals, it is tough to find high-probability setups now with sufficient premium to make the risk acceptable. Thus, we are making no new trade recommendations until we see how the market opens and trades in the morning...

New Master Trader Bear Call Credit Spread on SPOT

  NEW TRADE IDEA: New Master Trader Bear Call Credit Spread on SPOT based on price action below. 8/17:  SPOT – Consider shorting Aug (8/24) $197.5/202.5 bear call credit spread (7 DTE) for current mid-point of $.75/share.  Gap under -WRB at major support.  Stop...

New Master Trader Bullish Option Trade on HAS

  NEW TRADE IDEA: New Master Trader Bullish Option Trade on HAS based on price action below. 8/17:  HAS – Over $98.90, consider shorting Aug (8/24) $97 naked puts (7 DTE) for a limit of $.50/share (closed at $.65/share but spready).  Bullish consolidation on...