Below is a daily chart of Procter & Gamble Co. (PG).
Trade: Under $91.94, consider buying Oct (10/13) $93.5 puts (7 DTE) for a limit of $1.65/share (only $.08/share of time value for the benefit of leverage and limited risk).
Technical Setup: Sell Setup at declining 20-MA daily after Breakout Failure at high, followed by Breakdown, and relative weakness to broader markets
Stop Loss: $93.06.
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Pristine’s Founder and Creator of the Pristine Method
Chief Options Strategist
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NOTE: Master Trader will show opening and closing prices of all stock and option trades. We do not recommend proper share size for your particular trading style, risk tolerance, or account balance. We urge you to calculate your own share size based on your individualized risk parameters, Trading Plan, and familiarity with the proposed trade strategy and risk.
NOTE: Master Trader and its representatives might have existing positions in these and other trade recommendations before or after suggested herein. Additionally, we often manage them differently for internal purposes based on different risk parameters than noted herein.