Below is a daily chart of Amazon.com, Inc. (AMZN).
Trade: Consider shorting Sep (9/29) $930/910 bull put spread (2 DTE) for around current mid-point of $.64/share. Stop Loss: $931.78.
Technical Setup: Hourly Breakout from oversold buy setup daily chart.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $931.78.
Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
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