Children’s Place (PLCE) & 3 Red Arrows

Again doing a search for 3 red arrows.
Used
Investools Strategy Searches / Momentum Searches Archives / Stocks Trending Down


I found Children’s Place (PLCE).
Above is a 5-year chart. Below is a 3-month chart.

Out of the Money Vertical Credit (Bear Call Spread)
Sell FEB 17.50 Call
Buy FEB 20 Call

Credit is between $0.30-$0.40

If I place an order for $0.35 credit,
Amount at risk is $2.15

I am putting in a very small order. I’m still trying out this 3 Red Arrows method.