I’m sending this alert out on Monday evening for a trade set up on the opening of the market tomorrow morning (Tuesday Sept. 29th). While it may be tempting to buy the long leaps first and wait for the market to go up before selling the short side of the spread, I wouldn’t suggest you do that because we are already collecting a hefty credit in the November calls and you wouldn’t want to risk losing such a good price on this position. Place the order as a spread order to be executed simultaneously for a debit of $10.35, or better.
See link below for video.
The attached PDF file includes the details for this trade along with my technical notes on the chart. Please be sure to review all of the information before entering any trades to your account.
Have a great trading day tomorrow.
