by Dan Gibby | May 9, 2018 | Master Trader Advisory Letter Past
5/9: INTC – Shorting Jun (6/15) $51/45 bull put credit spread for $.43/share (37 DTE). Breakout daily, uptrend weekly/monthly. No Stop Loss since we would not mind owning stock as core trade with improved cost basis.
by Dan Gibby | May 9, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of SPDR S&P 500 ETF (SPY). Trade: Over $268.16 (pre-market high) or the 15-Min. high, consider shorting Jun (6/15) $260/240 bull put credit spread (38 DTE) for mid-point (closed at $1.96/share). NOTE: We are also watching for long...
by Dan Gibby | May 9, 2018 | Past Weekly Options Letters
Below is a daily chart of iPath S&P 500 VIX ST Futures ETN (VXX). Trade: Under $39.51 (or day’s low) after 10-Min. of trading, consider shorting May (5/18) $43/54 bear call credit spread (10 DTE) for a limit of $.51/share (closed at $.56/share). Technical...
by Dan Gibby | May 8, 2018 | Master Trader Advisory Letter Past
5/8: WFC – Shorting June (6/15) $38/33 naked puts for $.39/share. Bullish reverse head and shoulders breakout daily, major support weekly. Stop Loss: $50.78.
by Dan Gibby | May 8, 2018 | Master Trader Advisory Letter Past
5/8: VRX – Shorting Jun (6/15) $19/15 bull put credit spread for $.45/share. Pro Gap Breakout daily, bullish bottoming HH and HL monthly, will watch for directional trade also. Stop Loss: None for now.
