NEW TRADE IDEA:
New Master Trader Bull Put Credit Spread on IWM based on price action below.
8/24: IWM – Over $171.52, consider shorting Aug (8/31) $170/165 bull put credit spread (7 DTE) for a limit of $.40/share. Bullish retracement after +WRB breakout from multi-month symmetrical triangle above 20/50-MA daily, breakout weekly/monthly. Stop Loss $169.98.
