by Dan Gibby | Jul 20, 2018 | Master Trader Advisory Letter Past
NEW TRADE IDEA: 7/20: PM – Consider shorting Aug (8/3) $80 puts (14 DTE) for $.36/share. +WRB following Breakdown Failure and Bottoming Tail from earnings gap down on the daily time frames, major support monthly. Stop Loss: $79.98.
by Dan Gibby | Jul 20, 2018 | Master Trader Advisory Letter Past
7/20: CLF – Consider shorting Aug (8/17) $9/7 bull put credit spread (28 DTE) for current mid-point of $.37/share. Pro Gap Breakout weekly. Stop Loss: $7.99. We are also watching for a directional long.
by Dan Gibby | Jul 20, 2018 | Master Trader Advisory Letter Past
Below is a monthly/weekly chart of Cleveland-Cliffs Inc. (CLF). Each morning in pre-market preparation, we analyze the gaps of the major market indexes to develop a trading bias for the day. Additionally, we monitor all open positions to see what trade...
by Dan Gibby | Jul 19, 2018 | Master Trader Advisory Letter Past
7/19: THO – Consider shorting Aug (8/17) $95/90 bull put credit spread (29 DTE) for around current mid-point of $.75/share. Breakout from multi-month bottom on the daily and weekly time frames and +123 breakout above 20/50-MA on the daily. Stop Loss: ...
by Dan Gibby | Jul 19, 2018 | Master Trader Advisory Letter Past
NEW TRADE IDEA: 7/19: ROST – Consider shorting Aug (8/17) $82.5/77.5 bull put credit spread (29 DTE) between $.40 – $.45/share. Breakout all time frames. Stop Loss: $81.48. Will watch for directional long into close.
