by Dan Gibby | Jul 15, 2018 | ETF Past Letters
The broader market indices gapped down last Wednesday as President Trump started the NATO meeting with comments sparking renewed fears of greater trade wars. That gap down, however, was negated and made a higher low on the daily chart as the S&P 500 ETF SPY...
by Dan Gibby | Jul 15, 2018 | Master Trader Advisory Letter Past
In last Monday’s commentary, I said, “It would not be a surprise to see the Russell 2000 — which has been leading the way higher this year — make new all-time highs this week. The theme there has been that the stocks in that index are less susceptible to...
by Dan Gibby | Jul 15, 2018 | Past Weekly Options Letters
Below is a daily chart of SPDR S&P Biotech ETF (XBI). Trade: Over $101.17, consider shorting Jul (7/20) $99/94 bull put credit spread (5 DTE) for mid-point but limit of $.42/share (closed at $.50/share). Technical Setup: Bullish consolidation at...
by Dan Gibby | Jul 12, 2018 | Master Trader Advisory Letter Past
7/12: QQQ – Consider buying the ETF and shorting Jul (7/13) $179.5 call (1 DTE) for $178.50/share. Bullish breakout daily and weekly to all-time highs. If expires ITM will roll short call to $180.50 next week. Stop Loss: $175.78. 7/12: PYPL– Consider buying...
by Dan Gibby | Jul 12, 2018 | Past Weekly Options Letters
7/12: FB – Shorted Jul (7/20) $200/195 Bull Put Credit Spread (8 DTE) for $.68 share. Bullish consolidation at upper 80% of prior range Breakout daily, breakout to all-time highs weekly. Stop Loss: None for now, but if want one, use $201.48.
