by Dan Gibby | Jul 25, 2018 | Master Trader Advisory Letter Past
NEW TRADE IDEA: 7/25: UTX – Over $134 consider shorting Aug (8/17) $129/121 bull put credit spread (23 DTE) for mid-point (currently $.79/share). Bullish consolidation in top range of +WRB Igniting/Engulfing on earnings above r20/50-MA daily. Stop:...
by Dan Gibby | Jul 24, 2018 | Master Trader Advisory Letter Past
NEW TRADE IDEA: 7/24: DPZ – Consider shorting Aug (8/17) $280/290 bear call credit spread (24 DTE) for around current mid-point of $1.85/share. Breakdown daily and weekly, climactic sell setup and Topping Tail monthly. Stop: We will monitor but pattern suggests not...
by Dan Gibby | Jul 24, 2018 | Past Weekly Options Letters
NEW TRADE IDEA: 7/24: CRM – Consider shorting Aug (8/3) $145/140 Bull Put Credit Spread (10 DTE) for $.48/share. +Gap from bullish consolidation and Bottoming Tails at all-time highs. Stop: $144.79.
by Dan Gibby | Jul 24, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
NEW TRADE IDEA: 7/24: XLK – Consider shorting Aug (8/3) $73 Puts (10 DTE) for $.40/share. Gap breakout to all-time highs. Stop: None, will roll if necessary because of bullish multiple time frames.
by Dan Gibby | Jul 24, 2018 | Master Trader Advisory Letter Past
Yesterday was extremely choppy so we remained cautious, waiting more data. Earnings season (and the neutral internals) can do that. The markets closed strong yesterday and look poised to resume their strength with today’s pre-market bullish gaps from earnings....
