by Dan Gibby | May 21, 2018 | Past Weekly Options Letters
5/21: SPY – Shorting May (5/25) $271/264 bull put credit spread for $.44/share (5 DTE). Bullish gap and pre-market strength. Stop: $270.92.
by Dan Gibby | May 20, 2018 | Master Trader Advisory Letter Past
Last week’s range in the broader markets was the narrowest for the year. The last three trading days of last week barely moved. The closing change over those three days in the S&P 500 was only a point and ½ and the Dow moved just over eight points. Contractions in...
by Dan Gibby | May 20, 2018 | Past Weekly Options Letters
Below is a daily chart of Biogen Inc. (BIIB). Trade: Over $283.55, consider shorting May (5/25) $272.5/265 bull put credit spread (5 DTE) for mid-point but a limit of $.68/share (closed at $.82/share). Technical Setup: Bullish consolidation after +WRB...
by Dan Gibby | May 17, 2018 | Master Trader Advisory Letter Past
5/17: ZBRA – Over $156.81, consider shorting Jun (6/15) $150/140 bull put credit spread for mid-point but limit of $1.45/share (currently $1.60/share) (29 DTE). Bullish consolidation after Pro Gap, bullish weekly/monthly. Stop: $144.98 to start....
by Dan Gibby | May 17, 2018 | Past Weekly Options Letters
5/17: ZBRA – Consider shorting May (5/18) $155/150 bull put credit spread for $.53/share (1.5 DTE). Bullish consolidation after Pro Gap, bullish weekly/monthly. Stop: None, if expires ITM, will roll to next week.
