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Trade: We recommend selling 10 March $30 puts (51 DTE) (half currently around .60/share and half at $.70/share on a possible retracement in the stock). Note: holding over earnings is higher risk but we like the stock long term.
Strategy: Bullish Wide Range Bar (+WRB) breakout on daily and weekly charts in strong fertilizer/commodity sector. Note: also watch MON and POT.
Max Gain: Credit received of $650.
Max Loss: Cost basis will be $29.40 if assigned.
Stop Loss: $29.88.
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