Below is a daily chart of NRG Energy, Inc. (NRG).
Trade: Consider shorting Dec (12/15) $25/22 bull put spread (35 DTE) for a limit of current mid-point of $.25/share. ROI 9.1% if expires worthless.
Technical Setup: Bullish consolidation in higher range of +WRB Breakout on all time frames.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: None for now.
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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