Below is a daily chart of Crown Castle International Corp. (CCI), $107.03.
Trade: Under $106.97, consider shorting stock and shorting Sep (9/15) $105 puts (9 DTE) for a limit of $107.55 or better.
Technical Setup: Breakout Failure daily, and extended, positive theta trade meaning has positive income daily decay.
Option Strategy: Covered Put (CP).
Stop Loss: $108.02.
Below is a daily chart of BB&T Corporation (BBT), $45.38.
Trade: Under $48.28, consider buying Sep (9/15) $47 puts (9 DTE) for a limit of $1.79/share (which is only paying $.08/share time value).
Technical Setup: Breakdown from daily consolidation into the Declining 20-MA, with weakening sector.
Option Strategy: Long Puts (LP).
Stop Loss: $46.12.
Adjustments and Comments on Open Advisory Letter Trades Note: Our Trade Updates are timely posted in a separate Report in the Member’s Area. Please see that document for a current reflection on all Open and Closed Trades since the spreadsheet updates immediately and will always be more current than this e-mail update. Thank you.
NOTE: Please see Master Trader Guidelines for Trading the Open and Gaps in Member’s Area for rules on trade entry, gaps, etc.
Below is a link to individual videos explaining in greater detail the definitions of the main option trading strategies used in the Master Trader Option Strategies Series for Investors and Active Traders to generate wealth and income.
Description of Master Trader Directional and Income Option Trades can be seen HERE
Happy trading! If you have any questions or comments, please e-mail Greg Capra at 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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Twitter: @GregCapra
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NOTE: Master Trader will show opening and closing prices of all stock and option trades. We do not recommend proper share size for your particular trading style, risk tolerance, or account balance. We urge you to calculate your own share size based on your individualized risk parameters, Trading Plan, and familiarity with the proposed trade strategy and risk.
NOTE: Master Trader and its representatives might have existing positions in these and other trade recommendations before or after suggested herein. Additionally, we often manage them differently for internal purposes based on different risk parameters than noted herein.
