Below is a daily chart of Accenture plc (ACN).
Trade: Over $165.56, consider shorting Jul (7/6) $162.5/157.5 bull put credit spread (5 DTE) for mid-point but a limit of $.60/share (closed at $.72/share).
Technical Setup: Bullish +123 continuation to all-time highs after Bull Gap to r20-MA daily.
Option Strategy: Bull Put Credit Spread (BPCS).
Stop Loss: $162.78.
Below is a daily chart of PowerShares QQQ ETF (QQQ).
Trade: Over $172.55, consider shorting the Jul (7/6) $171/166 bull put credit spread (5 DTE) for mid-point (closed at $1.00/share).
Technical Setup: Consolidating at Support and deep retracement into prior -WRB daily, bullish weekly and monthly, relative strength to other indices.
Option Strategy: Bull Put Credit Spread (BPCS).
Stop Loss: $170.98.
Below is a daily chart of Alphabet Inc. (GOOGL).
Trade: Over $1141.36, consider shorting the Jul (7/6) $1100/1090 bull put credit spread (5 DTE) for mid-point but a limit of $.95/share (closed at $1.15/share).
Technical Setup: Gap from Master Trader Buy Setup and bullish reversal bar on r50-MA and Minor Support daily.
Option Strategy: Bull Put Credit Spread (BPCS).
Stop Loss: $1105.88.
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NOTE: Master Trader will show opening and closing prices of all stock and options trades. We recommend that all traders and investors use proper share sizing for positions and money management. However, we cannot recommend what that is for your particular trading style, risk tolerance, or account balance.
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