by Dan Gibby | Jul 9, 2018 | Master Trader Advisory Letter Past
7/9: WTW – Consider shorting Jul (7/20) $104/108 bear call credit spread for current mid-point of $.62/share (11 DTE), and add on bounce around $.80/share since on hourly support. Bearish Wide Range Bar (-WRB) at Major Resistance creating M-Top daily, extended...
by Dan Gibby | Jul 8, 2018 | Past Weekly Options Letters
ACN was a trade idea sent last week but never triggered. It is still valid with selling this Friday’s put spread if triggers. 7/9: ACN – Over $165.56, consider shorting Jul (7/13) $162.5/157.5 bull put credit spread (5 DTE) for mid-point of $.45/share. ...
by Dan Gibby | Jul 8, 2018 | Master Trader Advisory Letter Past
The broader markets have been erratic this year as they consolidate the gains over the last several years, which accelerated in 2017. However, even the strongest sectors gave up some of the gains due to the trade war fears. Now that those tariffs have become a...
by Dan Gibby | Jul 6, 2018 | Past Weekly Options Letters
7/6: SMH – Consider shorting the Jul (7/13) $101/95 bull put credit spread for around $.44/share. Breakout from consolidation at r200-MA after No Follow Through to Bearish -WRB daily, pull back and reversal at r50-MA weekly. Stop Loss $100.88.
