NEW TRADE IDEA:
New Master Trader Bear Call Credit Spread on WLL based on price action below.
8/20: WLL – Consider shorting Aug (8/31) $48/50 bear call credit spread (11 DTE) around current mid-point of $.35/share (might get price improvement since hourly still bullish and not reverse yet). Good 21% ROC if expires worthless for $2 wide spread. Rally into -WRB breakdown bar with daily downtrend. Stop Loss: $47.82.
