{"id":16608,"date":"2021-06-16T14:55:24","date_gmt":"2021-06-16T18:55:24","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=16608"},"modified":"2021-06-16T14:55:24","modified_gmt":"2021-06-16T18:55:24","slug":"bull-put-spreads-in-nem","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/bull-put-spreads-in-nem\/","title":{"rendered":"Bull Put Spreads in NEM"},"content":{"rendered":"<p id=\"WbhxaUr\"><img decoding=\"async\" loading=\"lazy\" width=\"605\" height=\"331\" class=\"alignnone size-full wp-image-16609 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca47a0282da.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca47a0282da.png 605w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca47a0282da-300x164.png 300w\" sizes=\"(max-width: 605px) 100vw, 605px\" \/><\/p>\n<p>I am in Atlanta on a small laptop, so no video with this trade alert.<\/p>\n<p>We&#8217;re taking a look at NEM. This is having a clean pullback to the rising 50 day moving average.<\/p>\n<p>&nbsp;<\/p>\n<p id=\"SJtOXgU\"><img decoding=\"async\" loading=\"lazy\" width=\"667\" height=\"383\" class=\"alignnone size-full wp-image-16610 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca47e017180.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca47e017180.png 667w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca47e017180-300x172.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca47e017180-128x72.png 128w\" sizes=\"(max-width: 667px) 100vw, 667px\" \/><\/p>\n<p>This is the first pullback after its parabolic run about a month ago, and it&#8217;s a level I&#8217;ve been focusing on for a while now.<\/p>\n<p>Looking at a different chart, there are some other key levels coming into play just underneath the current price of the stock.<\/p>\n<p id=\"MWZpTzD\"><img decoding=\"async\" loading=\"lazy\" width=\"1105\" height=\"477\" class=\"alignnone size-full wp-image-16611 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca484c063f7.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca484c063f7.png 1105w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca484c063f7-300x130.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca484c063f7-1024x442.png 1024w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca484c063f7-768x332.png 768w\" sizes=\"(max-width: 1105px) 100vw, 1105px\" \/><\/p>\n<p>The trade we are looking at is a bull put spread, also known as a put credit spread:<\/p>\n<p id=\"IpFkTqb\"><img decoding=\"async\" loading=\"lazy\" width=\"600\" height=\"450\" class=\"alignnone size-full wp-image-16612 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca48e02ab07.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca48e02ab07.png 600w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/06\/img_60ca48e02ab07-300x225.png 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>We have three tiers total, that means if NEM continues to move lower, add more size at a higher credit. We do this because we don&#8217;t know where the short term low will be, and it helps to reduce psychological pressure compared to going &#8220;all in.&#8221;<\/p>\n<p>If NEM closes under 64.89, then close the trade at a loss.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I am in Atlanta on a small laptop, so no video with this trade alert. We&#8217;re taking a look at NEM. This is having a clean pullback to the rising 50 day moving average. &nbsp; This is the first pullback after its parabolic run about a month ago, and it&#8217;s a level I&#8217;ve been focusing [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[29,27,32],"tags":[],"_links":{"self":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16608"}],"collection":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/comments?post=16608"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16608\/revisions"}],"predecessor-version":[{"id":16613,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16608\/revisions\/16613"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=16608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=16608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=16608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}