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Costco Wholesale Corporation (COST)

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smartman
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Costco Wholesale Corporation (COST)

on Fri Jan 27, 2017 8:41 pm
Costco Wholesale Corporation (COST), $161.16.

Daily Chart


Trade:  We recommend selling 10 Mar 167.5/172.5 bear call spread (21 DTE) for a net credit of $400.
Strategy:   Bearish Wide Range Bar (-WRB) breakdown from Major Resistance.

Max Gain:  $400 premium received.
ROI:  8.7% in 21 days ($400/$4,600 max loss), with 4% cushion to break even of $167.90.

Max Loss:  $4,600, but less with stop posted.
Stop Loss:  $165.32

source: mastertrader
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