Morgan Stanley (MS), 44.43
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Trade: We recommend selling 10 Mar $41 puts (38 DTE) at $.44/share or better since the hourly is extended.
Strategy: After a robust breakout in the stock and sector last November, MS has been consolidating bullishly for weeks and appears poised for another breakout after its “rest” and recent failed attempted break downs.
Max Gain: Credit received of $440.
Max Loss: Cost basis will be $40.56/share if assigned.
Stop Loss: $41.28.