NEW TRADE IDEA: 3/9: MU – Consider shorting Mar (3/16) $56/61 bear call credit spread for around current mid-point of $.56/share. Climactic sell setup with bearish engulfing, short-term income trade with 97% Implied Volatility Rank. Stop $56.02.
by Dan Gibby | Mar 9, 2018 | Past Weekly Options Letters
NEW TRADE IDEA: 3/9: MU – Consider shorting Mar (3/16) $56/61 bear call credit spread for around current mid-point of $.56/share. Climactic sell setup with bearish engulfing, short-term income trade with 97% Implied Volatility Rank. Stop $56.02.
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