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Quantamental
Aug 27, 2019 7:16 PM

ITW Bull Put Spread Long

Illinois Tool Works Inc.NYSE

Description

Daily Chart RSI <5
S/R at approx 145/144 Level. With multiple Price Action touch points previously

Also close to MA200

Looking for Reversal to mean higher.
Taking 145/144 Put Credit Spread.
Also picked up 146 Call for Directional Bias Higher.

Sept Exp .

Good Luck - Watch your $$$ RISK
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