NEW TRADE IDEA:
New Master Trader Bull Put Credit Spread on CTXS based on price action below.
8/23: CTXS – Consider shorting Sep (9/21) $110/105 bull put credit spread (29 DTE) for current mid-point of $.85/share. Breakout from consolidation on support and r20-MA after retracement from Pro Gap Breakout daily (and notice the Bottoming Tails were failed breakdowns and buyers stepped in). Stop $109.88.
Note: also recommended via Telegram long stock at $112.35 if want a directional.
