by Dan Gibby | Apr 29, 2018 | Master Trader Advisory Letter Past
In last Monday’s letter, I said, “Topping Tail candles tell us that sellers took control and suggests continued selling and lower prices. While that may be what happens, the fact that the recent support that has been created is not that far away. While any day or...
by Dan Gibby | Apr 27, 2018 | Master Trader Advisory Letter Past
Below is a weekly chart of Macy’s, Inc. (M). Trade: Over $31.90, consider buying May (5/11) $29.5/33.5 bull call debit spread (14 DTE) for a limit of $2.32/share, which will give positive time decay (closed at $2.22/share). Technical Setup: Bullish...
by Dan Gibby | Apr 26, 2018 | Master Trader Advisory Letter Past
4/26: AEP – Consider shorting May (5/18) $67.5/65 bull put credit spread for $.35/share (18 DTE). Reverse Head and Shoulders Breakout from consolidation at r20-MA, bullish weekly/monthly. Stop $68.08.
by Dan Gibby | Apr 26, 2018 | Past Weekly Options Letters
4/26: COST – Consider shorting May (5/4) $190/182.5 bull put credit spread (8 DTE) for a limit of $.58/share (currently $.62/share). Bullish +123 if closed here after Pro Gap Breakout and pull back daily. Stop $190.98. ...
by Dan Gibby | Apr 26, 2018 | Master Trader Advisory Letter Past
4/26: HD – Consider shorting May (5/11) $172.5/167.5 bull put credit spread for $.44/share (15 DTE). Breakout from Major Support at r200-MA, bullish weekly/monthly. Stop $174.48.
