Below is a daily chart of Molson Coors Brewing Company (TAP).

Trade:  Consider shorting Oct (10/6) $81/79 bull put spread (4.5 DTE) for current mid-point of $.27/share.

Technical Setup:   Climactic Buy Setup daily and stabilizing hourly chart.

Option Strategy:   Bull Put Credit Spread (BPS).

Stop Loss:  $80.98.

 

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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