Scott puts together a trade that capitalizes on the completion of a head and shoulders technical pattern and has the potential for a reversal. He selects a 25 day expiration for the sale short put vertical spread for a credit. The short strike is sold for a probability of 30% implying about a 70 % success for the buyer. Scott also outlines the max potential loss as well as the return on invested capital.
29 Mar 2021
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29 Mar 2021
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Scott puts together a trade that capitalizes on the completion of a head and shoulders technical pattern and has the potential for a reversal. He selects a 25 day expiration for the sale short put vertical spread for a credit. The short strike is sold for a probability of 30% implying about a 70 % success for the buyer. Scott also outlines the max potential loss as well as the return on invested capital.
29 Mar 2021