YOUR ACTION PLAN Marriott International (Nasdaq: MAR) has a classic TPS setup. As you'll see in the chart below, there's a clear uptrend, a pattern and a squeeze. I'm looking to get long off the $200 level if possible. My plan is to buy the MAR October 20 $200 calls and sell the MAR October 20 $210 calls against them. This will create a call debit spread, and I'd like to pay somewhere between $2.50 and $3.50 for that spread. If you'd like to start making trades like this alongside me in real time, I recommend you check out my latest service, Profit Surge Trader. In this service, I trade just ONE TICKER over and over again for maximum potential gains. Click here to start unlocking multiple trades on ONE TICKER each month. P.S. Today I covered MCD stock, IBM's breakout and call debit spreads in my latest Q&A. If you have any other 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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