by Dan Gibby | Jul 19, 2018 | Past Weekly Options Letters
7/19: SQ – Consider shorting July (7/20) $69 puts (1 DTE) for $.21/share. Bullish breakout daily, relative strength, income trade with $1.65/share cushion. Stop, none, will roll if needed.
by Dan Gibby | Jul 19, 2018 | Past Weekly Options Letters
7/19: IWM – Over $168.06, consider shorting Jul (7/27) $166/161 Bull Put Credit Spread (8 DTE) for mid-point (currently $.48/share). Breakout form bullish consolidation on the 20-MA on daily. Stop $165.95.
by Dan Gibby | Jul 19, 2018 | Master Trader Advisory Letter Past
Below is a daily and weekly chart of Dominion Energy Midstream Partners, LP (DM). 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...
by Dan Gibby | Jul 18, 2018 | Master Trader Advisory Letter Past
7/18: SERV – Consider shorting Aug (8/17) $60/65 bear call credit spread (30 DTE) for current mid-point of $.75/share. Bearish -123 (if closed here) after bear earnings gap on Vol. on 7/17 on daily chart. Stop $60.02.
by Dan Gibby | Jul 18, 2018 | Master Trader Advisory Letter Past
7/18: BILI – Consider shorting Aug (8/17) $12.5/10 bull put credit spread (30 DTE) for current mid-point of $.65/share. Bullish breakout from consolidation on major support on the daily chart. Stop Loss: $12.48.
