Below is a daily chart of Twitter, Inc. (TWTR).
Trade: Consider shorting Jan (1/19) $24.5 naked Puts (7 DTE) for around current mid-point $.22/share.
Technical Setup: Bullish Gap Breakout from multi-week consolidation daily, bullish weekly and monthly.
Option Strategy: Short Puts (SP).
Stop Loss: None.
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
Follow Greg on Twitter, YouTube, and StockTwits to get real-time updates and education:
Twitter: @GregCapra
Stocktwits: Greg_Capra
youtube.com/c/mastertrader (please subscribe to receive all the timely stock market updates)
