1/23: GE – Sell $16 Naked Puts (4 DTE), closed at $.33 x .34/share. Daily CBS with +COG; hourly stabilization after BDF, with 15-Min. Gap Breakout. No stop, will roll to following weekly OTM strikes for Time Decay Income because climactic all time frames. note: premiums will not be as high, so can sell for mid-point over 5-Min. high or into gap fill.
GE Chart Analysis:
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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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.
