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Trade: Under $272.60, we recommend selling 5 Mar 320/330 bear call spread (22 DTE) at mid-point.
Strategy: Earnings play after Double Top daily (with lower high and bearish engulfing) and Climactic Sell Setup/Topping Tail weekly chart.
Max Gain: Premium received.
ROI: Premium received/($10.00 spread less premium).
Max Loss: Cost basis would be $320 plus premium received.
Stop Loss: $285.45.
source: mastertrader