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.

 

Adjustments and Comments on Open Advisory Letter Trades Note: Our Trade Updates are timely posted in a separate Report in the Member's Area. Please see that document for a current reflection on all Open and Closed Trades since the spreadsheet updates immediately and will always be more current than this e-mail update.  Thank you.

NOTE:  Please see Master Trader Guidelines for Trading the Open and Gaps in Member’s Area for rules on trade entry, gaps, etc.

Below is a link to individual videos explaining in greater detail the definitions of the main option trading strategies used in the Master Trader Option Strategies Series for Investors and Active Traders to generate wealth and income. 

Description of Master Trader Directional and Income Option Trades can be seen HERE

 

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As a subscriber to the Master Trader Advisory Letter, we would like to text you alerts for updates to open positions and or new ones in a timely manner. These will also be posted to the Spreadsheet in the Member’s Area and new recommendations will also be emailed.

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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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Twitter: @GregCapra
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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.