The combination of long stock and debit put spreadpositions the trader to make money on the upside if shares in Cree continue to rally, while also providing downside protection in the event of a pullback through February expiration.
At Liverpool, he said, they were called "shape" drills: 15- or 20-minute sequences where players are coached to spread the field and quickly trade positions, just as they are instructed to when they're chasing a late goal.