Below is a weekly chart of Apache Corporation (APA).

 

Trade:  Consider shorting Jan (1/19) $45/41 Bull Put Credit Spread (8 DTE) for around current mid-point of $.45/share (extended intra-day so will get better price if retraces).

Technical Setup:   Master Trader Buy Setup daily, bullish weekly and monthly breakout, strong sector.

Option Strategy:   Bull Put Credit Spread (BPS).

Stop Loss:  None.

 

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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