Because of the mixed markets, we don’t have any official trade recommendations now, but will advise when they set up, and below are two we are watching.
Below is a daily chart of Alphabet Inc. (GOOGL).
Trade: Over $1246.52, consider shorting Aug (8/10) $1200/1190 bull put credit spread (5 DTE) for a limit of $.75/share (closed at $.85/share).
Technical Setup: Bullish engulfing reversal bar on gap fill support and r20-MA after Pro Gap Breakout on earnings to all-time highs on the daily chart. We will be watching to sell a shorting Aug (8/10) $1200/1190 bull put credit spread (5 DTE).
Below is a daily chart of Below is a daily chart of SPDR S&P 500 ETF (SPY).
Bullish reversal last week of breakdown, will be watching to sell a Bull Put Credit Spread (BPCS).
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Greg Capra
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Trading the Pristine Method — Origin and End
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