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Quantamental
Aug 15, 2019 9:28 AM

MA - Bull Put Spread - J hook Classic.. Long

Mastercard IncorporatedNYSE

Description

Not my usual setup but chart showing classic J Hook setup.

PA is hitting S/R at 265.
RSI showing sings of Oversold.
Volume continues to Increase.

Will watch how PA opens today and take a view.

Looking for PA to consolidate before Reversal to Mean Higher.

Looking at 265/260 Put Credit Spread with 270 Call for Higher Bias.

Sept Exp.

Good Luck - Watch your $$$ RISK
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