International Business Machines Corporation (IBM)

on Mon Feb 13, 2017 7:36 pm

International Business Machines Corporation (IBM), $178.68

daily chart
[You must be registered and logged in to see this image.]

Trade: We recommend selling 10 Mar $170/165 bull put spread (30 DTE) at around $.37/share (closing mid-point).
Trade [You must be registered and logged in to see this link.]: 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