AXP Weekly Options PlayDescription
A close < 176 triggers a short position.
Using expiration two weeks out for a little additional time on this slow mover.
Put Debit Spread
Levels on Chart
SL > 176
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/12 172.5P
SELL
11/12 157.5
R/R & Breakevens will vary when filled.
The long put is placed ATM for higher chance of profit,
Short put is placed at the support established in August - September.
Always implement proper risk management
Only invest what you are willing to lose