Stop loss should be if the spread increases to $1.30.
SHOP has held the of the Sep 17 high to Oct 17 low and is clearing the way for higher moves.
Playing it with selling a put credit spread and receiving $65 for every $5 wide contract sold, for a potential 13% Return on Risk over 35 days.
Unless SHOP drops by 27% or more, by Friday!
Despite the market wild swings, the fact is that finding strong stocks still pays off.
Congrats to those who took this trade.