NEW TRADE IDEA:
New Master Trader Bear Call Credit Spread on BABA 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: BABA – Consider shorting Sep (9/21) $167.5/172.5 bear call credit spread (5 DTE) around current mid-point of $.53/share. Bear gap from Sell Setup at resistance and d20-MA daily, downtrend weekly and monthly. Stop Loss: $167.12.
