by Dan Gibby | Oct 22, 2018 | Past Weekly Options Letters
New Bull Put Credit Spread Idea on AAPL Reminder, please read the value-added documents at the bottom of your member area. Of great importance is: Money Management Considerations When Selling Option Credit Spreads for Income. NEW TRADE IDEA: 10/22: AAPL –...
by Dan Gibby | Oct 22, 2018 | Chart of the Week Past
Many traders sell options before an earnings announcement hoping to profit from the volatility contraction afterward. Options premiums typically increase in anticipation of volatility. While that increased premium is attractive to the seller, that is gambling to us...
by Dan Gibby | Oct 21, 2018 | ETF Past Letters
Despite last Tuesday’s impressive oversold bounce, by the end of the week, the majority of broader market indices did not move that far from the prior week’s close. The majority of sector ETF’s were down on the week in the area of 1%. The worst performers were...
by Dan Gibby | Oct 21, 2018 | Master Trader Advisory Letter Past
Since the beginning of October, I have been heating a warning of being careful and trading smaller. October 1ST letter: “Overall is nothing that screams out, ”come to pick up the money.” October 8TH letter: “This will continue to make short-term trading opportunities...
by Dan Gibby | Oct 21, 2018 | Past Weekly Options Letters
Below is a daily/weekly chart of HollyFrontier Corporation (HFC). Trade: Under $62.85, consider shorting Oct (10/26) $66/69 bear call credit spread (5 DTE) for mid-point but a limit of $.35/share (closed at $.40/share). Technical Setup: Bearish Wide...
