Below is a daily chart of Alphabet Inc. (GOOGL).
Trade: Consider shorting Jan (1/5) $1040/1030 Bull Put Credit Spread (4 DTE) for a limit of $.75/share (currently $.65/share but spready and want price improvement on pull back).
Technical Setup: Master Trader Buy Setup on Major Support and r-20MA daily, bullish weekly and monthly.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $1,047.
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
Follow Greg on Twitter, YouTube, and StockTwits to get real-time updates and education:
Twitter: @GregCapra
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