NEW TRADE IDEA:
New Master Trader Bull Put Credit Spread Idea on SNPS 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.
9/10: SNPS – Consider shorting Sep (9/14) $100/95 bull put credit spread (5 DTE) for a limit of $.48/share (currently $.50/share). Gap breakout hourly, bullish daily, weekly and monthly. Stop Loss: $99.86.
NOTE: CANCEL TRADE SINCE IS THE 9/21 EXPIRATION.
