International Business Machines Corporation (IBM)

daily chart


Trade:  We recommend selling 10 Mar $170/165 bull put spread (30 DTE) at around $.37/share (closing mid-point).
Trade #2:   More aggressive traders can also sell 10 Mar $165 naked puts (30 DTE) at around $.39/share (closing mid-point).  This requires more margin and greater risk than the spread, but gives $5.00 more cushion (OTM) for same/better premium.

Strategy:  Breakout daily with bullish weekly and monthly charts.
Max Gain:   Credit received of $390.

Max Loss:  Cost basis will be $169.63/share if assigned.
Stop Loss:  $174.38.


source: mastertrader