Below is a daily chart of Tiffany & Co. (TIF).
Trade: Under $106.28, consider shorting Feb (2/16) $110/115 bear call credit spread (16 DTE) for mid-point (closed at $.66/share).
Technical Setup: -WRB Breakdown from rounding top daily.
Option Strategy: Bear Call Credit Spread (BCS).
Stop Loss: $110.02.
Below is a daily chart of Vonage Holdings Corp. (VG).
Trade: Over $11.32, consider buying stock as a swing trade.
Technical Setup: Bullish daily, weekly, and monthly to new highs.
Stop Loss: $10.87. Earnings 2/21.
Below is a daily chart of Lululemon Athletica Inc. (LULU).
Trade: Under $77.98, consider shorting Feb (2/16) $80.5/85.5 bear call credit spread (16 DTE) at mid-point (closed at $.85/share).
Technical Setup: Breakdown from rounding top daily, bearish weekly, and Major Resistance monthly.
Option Strategy: Bear Call Credit Spread (BCS).
Stop Loss: $80.65.
Below is a weekly chart of Welltower Inc. (HCN).
Trade: Over $60.01, consider shorting Feb (2/16) $57.5/50 bull put credit spread (16 DTE) for mid-point (closed at $.40/share).
Technical Setup: Climactic Buy Setup and Bottoming Tails weekly), 2x bottom daily.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $59.28.
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.
