by Dan Gibby | Jul 30, 2018 | Past Weekly Options Letters
NEW TRADE IDEA: 7/30: PXD – Consider shorting Aug (8/3) $185/180 bull put credit spread (5 DTE) for $.50/share. Bullish gap breakout from consolidation daily, bullish weekly and monthly, bullish sector. Stop Loss: $185.38.
by Dan Gibby | Jul 29, 2018 | Master Trader Advisory Letter Past
The 2018 trading year was full of erratic price action in the broader markets. We define erratic by wider range bars that overlap each other. They tend to have tails at the extreme of the ranges and candles that historically give a meaningful signal that have little...
by Dan Gibby | Jul 29, 2018 | Past Weekly Options Letters
Below is a daily chart of RH (RH). Trade: Over $142.80, consider shorting Aug (8/3) $134/124 bull put credit spread (5 DTE) for mid-point but limit of $1.00/share (closed at $1.40/share). Technical Setup: Bullish consolidation daily and weekly...
by Dan Gibby | Jul 29, 2018 | ETF Past Letters
The Dow Industrials and Transports held up the best last week with technology, internet, biotechs, and IWM being the weakest. FAANG stocks — led by Facebook on its earnings — hit the skids closing with a record one-day loss. TWTR and many others also got...
by Dan Gibby | Jul 27, 2018 | Master Trader Advisory Letter Past
NEW TRADE IDEA: 7/27: LRCX – Consider shorting Aug (8/17) $170/150 bull put credit spread (21 DTE) for current mid-point of $.60/share. Pro Gap breakout and +WRB on earnings from multi-week consolidation of support daily. Stop $170.43.
