7/6: SMH – Consider shorting the Jul (7/13) $101/95 bull put credit spread for around $.44/share. Breakout from consolidation at r200-MA after No Follow Through to Bearish -WRB daily, pull back and reversal at r50-MA weekly. Stop Loss $100.88.
by Dan Gibby | Jul 6, 2018 | Past Weekly Options Letters
7/6: SMH – Consider shorting the Jul (7/13) $101/95 bull put credit spread for around $.44/share. Breakout from consolidation at r200-MA after No Follow Through to Bearish -WRB daily, pull back and reversal at r50-MA weekly. Stop Loss $100.88.
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