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.
All the best,
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Chief Options Strategist
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