by Dan Gibby | Jul 24, 2018 | Past Weekly Options Letters
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....
by Dan Gibby | Jul 22, 2018 | Master Trader Advisory Letter Past
For the most part, last week was an exciting time in the markets of “running in place.” The exciting part was Tuesday’s relatively large gap down and that was followed by the intraday power trend higher. I’ll explain more in the video below. I believe that...
by Dan Gibby | Jul 22, 2018 | Past Weekly Options Letters
We had an active week, closing out 11 of our short-term option income trades, 10 of 11 at nice profits (91% success rate), with one minor loss on VMW. Also, if you have never checked out the Master Trader Advisory Letter, it also had an active week, closing out 10...
by Dan Gibby | Jul 20, 2018 | Past Weekly Options Letters
7/20: NVDA – Consider shorting Jul (7/27) $242.5/232.5 Bull Put Credit Spread (7 DTE) for around current mid-point of $.64/share. Bullish consolidation in top range of +WRB engulfing after bear gap down. Stop $244.88.
by Dan Gibby | Jul 20, 2018 | Past Weekly Options Letters
7/20: QQQ – Consider shorting Jul (7/27) $177/172 Bull Put Credit Spread (7 DTE) for current mid-point of $.48/share. Bullish consolidation in top range of +WRB Engulfing bar. Stop Loss tighter of $177.18.
