Selling a credit put spread is a bullish strategy so we have to first make sure the chart is showing bullish signs. As you can see from the weekly candle chart above, the stock is starting to pivot off of a well-established role reversal support level. In the video I also pointed out the obvious gaps above the market which will act as “price magnets” to draw the price higher.
Options Oracle: 06/26/15
Posted on June 26, 2015 by AJ Monte in Options Oracles
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