Below is a daily chart of CME Group Inc. (CME).
Trade: Consider shorting Jan (1/11) $140/135 Bull Put Credit Spread (44 DTE) for limit of $1.00/share (current mid-point is $.85/share but spready and extended daily and should get retracement for price improvement).
Technical Setup: Pullback after Breakout daily/weekly.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $140.48.
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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