DailyPlay – Adjusting Trade (GS) & Closing Trade (FSLR, CRWD) – August 08, 2025
Closing Trade GS Bullish Trade Adjustment Signal...
Read MoreStrategy: Short Put Vertical Spread
Direction: Bullish
Details: Sell 3 Contracts June 24, 2022 $160/$150 Put Verticals @ $3.25 Credit.
Total Risk: This trade has a max risk of $2,025 (3 contracts x $675 per contract).
Counter Trend Signal: This is a Bullish trade on a stock that is experiencing a bearish trend.
1M/6M Trends: Bearish/Bearish
Technical Score: 6/10
OptionsPlay Score: 85
Entering the Trade
Use the following details to enter the trade on your trading platform. Please note that if there is a multi-leg option strategy, it should be entered as a single trade.
Investment Rationale
AXP has traded down to near the low $150s four additional times since basically starting a run higher earlier on in May 2021. (See the 5 yellow-colored ellipses and accompanying horizontal, purple-colored support line near $152.) We can certainly call that a “strong support” level.
With the SPX having made, what I deemed a trading bottom last week, and AXP marking a daily Setup -9 and a Sequential -13 counts, in the past 5 days, I think we can go ahead to play this stock bullishly by selling the $160/$150 put spread.
Closing Trade GS Bullish Trade Adjustment Signal...
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