ACN was a trade idea sent last week but never triggered. It is still valid with selling this Friday’s put spread if triggers.
7/9: ACN – Over $165.56, consider shorting Jul (7/13) $162.5/157.5 bull put credit spread (5 DTE) for mid-point of $.45/share. Bullish consolidation following +123 continuation to all-time highs after Bull Gap to r20-MA daily. Stop Loss: $162.78.
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Below is a daily chart of SPDR Dow Jones Industrial Average ETF (DIA).
Trade: Over $245.20, consider shorting Jul (7/13) $242.5/237.5 bull put credit spread (5 DTE) for mid-point but limit of $.45/share (closed at $.53/share).
Technical Setup: Breakout from consolidation on Support and the r200-MA on the daily chart (note: lagging other indices, but often the lagging one plays “catch up”).
Option Strategy: Bull Put Credit Spread (BPCS).
Stop Loss: $242.28.
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