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International Business Machines Corporation (IBM)

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Yuri

Yuri
Moderator

International Business Machines Corporation (IBM), $178.68

daily chart
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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

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