Reallifetrading
Short

COP bear call spread

NYSE:COP   CONOCOPHILLIPS
$38.75 is a decent support also. Might bounce there. If it doesn't, could be some fun bearish edge coming up.
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Bear call spread is losing money now. The stock is AT the resistance. Could retrace more... but due to volume and size of candles AND the fact that we have over 3+ weeks to expiration, planning to unravel 44/45 bcs on the pull back.
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