Below is a daily chart of Netflix, Inc. (NFLX).
Trade: Consider shorting Dec (12/8) $200/205 bear call credit spread (9 DTE) for around current mid-point of $.61/share.
Technical Setup: -WRB Breakdown negating yesterday’s +WRB Breakout (Bull Trap) daily.
Option Strategy: Bear Call Credit Spread (BCS).
Stop Loss: $200.02.
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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