With the bullish gaps in the Index ETFs, this is a great environment to sell short-term expiring puts and put spreads as income trades off of Major Support.
Below are two ideas but we’re confident we will find many more. NOTE: We will text any needed changes to entry on these.
NEW TRADE IDEA: 12/12: SMH – With the bullish gaps in the Index ETFs, consider shorting Dec (12/14) $89/84 bull put credit spread (2 DTE) for a limit of $.37/share (closed at $.52/share). Stabilization from yesterday’s bullish gap from Major Support daily, short-term income trade. Stop Loss: $88.89.
NEW TRADE IDEA: 12/12: SPY – With the bullish gaps in the Index ETFs, consider shorting Dec (12/14) $260/250 bull put credit spread (2 DTE) for a limit of $.70/share (closed at $.93/share). Bullish reverse head and shoulders hourly chart, short-term income trade. Stop Loss: $259.98.
Thank you for being a loyal subscriber and feel to email us with any questions or comments on anything.
Learn how Master Trader Technical Strategies – MTS and MTS with Options Strategies can make consistent money.
Click Here – to Access the Options Credit Spread Program that puts you on the Master Trader Income Path.
Click Here to Learn The Master Trader Swing Trading Strategies to profits over a few days to weeks.
CLICK HERE For a free 3-day complimentary access to the Master Trader Green Room
In the Master Trader Green Room, we trade stocks, options, and ETFs in real-time.
Learn how we scan pre-market compelling Gap Trades and discuss a “plan of attack” to profit.
Master Trader and You Building Your Financial Future Together!
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
Trading the Pristine Method — Origin and End
Dan Gibby
Chief Options Strategist
Follow Greg on Twitter, YouTube, and StockTwits
Twitter: @GregCapra
Stocktwits: Greg_Capra
NOTE: Master Trader will show opening and closing prices of all stock and options trades. We recommend that all traders and investors use proper share sizing for positions and money management. However, we cannot recommend what that is for your particular trading style, risk tolerance, or account balance.
We urge you to calculate your own share/position size based on your individualized risk parameters, Trading Plan, and familiarity with the proposed trade strategy and risk. Advanced Management Strategies (AMS) covers in detail foundational and advanced position and money management.
NOTE: Master Trader and its representatives may have existing positions in actual or other trade recommendations before or after suggested herein. Additionally, we may manage them differently for internal purposes based on different risk parameters than noted herein.
All trade ideas and content are for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, option or investment strategy is suitable for any person. Trading securities can involve high risk and the loss of any funds. Investment or trading information provided may not be appropriate for all investors, and is provided without respect to individual financial sophistication, financial situation, investing time horizon or risk tolerance. Supporting documentation for any claims (including claims made on behalf of options programs), comparison, statistics, or other technical data, if applicable, will be supplied upon request. Master Trader Consulting, Inc. is not a licensed financial advisor, registered investment advisor, or a registered broker-dealer. Options, futures and futures options are not suitable for all investors. Prior to trading securities products, please read the Characteristics and Risks of Standardize Options and the Risk Disclosure for Futures and Options found here: CLICK HERE.
