Below is a weekly chart of The Williams Companies, Inc. (WMB).
Trade: Consider buying Dec (12/15) $29/27 bear put spread (31 DTE) at its current mid-point of $1.17/share.
Technical Setup: Breakdown daily, weekly and monthly.
Option Strategy: Bear Put Debit Spread (BPS).
Max Loss is Debit, Max Gain is $.83/share.
Stop Loss: $29.02.
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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