You are enjoying two weeks Master Trader’s new Weekly Options Trader!
It is designed for the active trader wanting to generate weekly income from high probability short-term option selling.
Because of the ease of the strategy and statistical “edge” that exists in selling options around Master Trader’s compelling chart patterns, these trades are available in all market environments – trending, choppy, or even a volatile mess.
Adjustments and Comments on Weekly Option Trades
8/30/17: NFLX – Shorted Sep (9/8) $165/155 bull put spread for $.62/share. We recommend closing now at current mid-point of $.15/share to book 76% of Max Gain over a long weekend and eliminate remaining risk to expiration. Nice trade.
8/23/17: SPY – Shorted Sep (9/1) $246/248 bear call spread for $.60/share. Stopped at $.35/share for $.25/share gain (42% of Max Profit).
8/30/17: LMT – Over $308.20, consider shorting Sep (9/1) $305/300 bull put spread for a limit of $.80/share (closed at $.95/share). NOT TRIGGER, CANCEL TRADE.
9/1/17: TGT – Under $54.00, consider shorting Sep (9/8) $55/57 bear call spread (8 DTE) for mid-point (closed at $.37/share). Stop Loss: $55.12. TRADE INVALIDATED SINCE HIT STOP BEFORE ENTRY.
Sign up for the Master Trader Weekly Options Trader here.
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
Follow Greg on Twitter, YouTube, and StockTwits to get real-time updates and education:
Twitter: @GregCapra
Stocktwits: Greg_Capra
youtube.com/c/mastertrader (please subscribe to receive all the timely stock market updates)
