NEW TRADE IDEA:
New Master Trader Bear Call Credit Spread Idea on SQ based on price action below.
Reminder, please read the value-added documents at the bottom of your member area.
Of great importance is: Money Management Considerations When Selling Option Credit Spreads for Income.
9/17: SQ – Consider shorting Sep (9/28) $94/99 bear call credit spread (11 DTE) around current midpoint of $.43/share. Breakdown daily from square top, Climactic Sell Setup weekly and monthly, and +WRB Ending Move last month on monthly. Stop Loss: $93.72.
