YOUR ACTION PLAN Mastercard (NYSE: MA) has a very bullish chart, a great pattern and a squeeze. We have everything we need for a TPS setup in MA. I'd like to get long MA when the price is between $390 and $395 - the closer to $390, the better. MA options, however, are pretty expensive, so I'd like to enter a call debit spread as follows: Buy the MA September 15 $400 calls AND sell the September 15 $410 calls for a net debit of ideally less than $3. This is a way to get long MA without buying options that are over $10. To get more trade ideas like this and start following along with my trading in real time, click here to join me in Profit Surge Trader. And if you have other stock tickers you want me to cover with my TPS system, email me at feedback@monumenttradersalliance.com, and I'll let you know my thoughts on a few of them! |
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