- Number of messages : 167
Points : 2090
Date of Entry : 2015-08-04
Year : 49
Residence Country : Mexico
on Fri Jan 27, 2017 8:41 pm
Costco Wholesale Corporation (COST), $161.16.
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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
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