by Dan Gibby | Apr 25, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
4/25: SPY – Consider shorting Apr (4/25) $265/260 bull put credit spread for around current mid-point of $.45/share (2 DTE). Five-day pullback to support and r200-MA daily, stabilized and breaking out intra-day 15-Min. chart after new low. Stop Loss:...
by Dan Gibby | Apr 24, 2018 | Master Trader Advisory Letter Past
4/24: NRG – Consider buying half lot over high of $31.76. Bullish breakout daily/weekly with price void above. Stop: $30.92.
by Dan Gibby | Apr 24, 2018 | Master Trader Advisory Letter Past
4/24; VXX – Under 30-Min. low, consider shorting May (5/18) $47/60 bear call credit spread (24 DTE) for mid-point but a limit of $1.00/share (closed at $1.16/share). Bearish gap (with SPY gap up) after breakdown and bearish consolidation at support (and generally...
by Dan Gibby | Apr 23, 2018 | Past Weekly Options Letters
4/23: UNH – Over prior day’s high ($236.22 now), consider shorting Apr (4/27) $230/225 bull put credit spread (4 DTE) for a limit of $.45/share (currently $.55/share). Controlled pullback after Pro Gap Breakout daily. Stop: None for now since short put is gap fill...
by Dan Gibby | Apr 23, 2018 | Master Trader Advisory Letter Past
4/23: LOW – Under $83.28, consider shorting May (5/18) $87.5/91 bear call credit spread for mid-point (currently $.46/share). Breakdown from multi-week bearish consolidation at 200-MA after Bear Pro Gap on 2/28 on Vol. daily. Stop Loss: $87.46....
