Below is a daily chart of Biogen Inc. (BIIB).
Trade: Over $283.55, consider shorting May (5/25) $272.5/265 bull put credit spread (5 DTE) for mid-point but a limit of $.68/share (closed at $.82/share).
Technical Setup: Bullish consolidation after +WRB Breakout from multi-week consolidation above 20/50-MA after Breakdown Failure on daily, bullish bottom weekly, major support monthly.
Option Strategy: Bull Put Credit Spread (BPCS).
Stop Loss: $274.88.
Below is a daily chart of The Boeing Company (BA).
Trade: Over $352.05, consider shorting May (5/25) $340/330 bull put credit spread (5 DTE) for mid-point but a limit of $.65/share (closed at $.74/share).
Technical Setup: Breakout from multi-week consolidation daily and weekly.
Option Strategy: Bull Put Credit Spread (BPCS).
Stop Loss: $340.24.
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