by Dan Gibby | Apr 12, 2018 | Past Weekly Options Letters
4/12: SPY – Over $265.65 (or 30-Min. high if occurs first), consider shorting Apr (4/18) $260/250 bull put credit spread (6 DTE) for mid-point (closed at $1.19/share). Bullish consolidation and Major Support at r200-MA, anticipated Breakout, Income trade with...
by Dan Gibby | Apr 12, 2018 | Master Trader Advisory Letter Past
4/12; VXX – Under 30-Min. low, consider shorting May (5/4) $60/70 bear call credit spread (22 DTE) for a limit of $.56/share (closed at $.62/share). Anticipated Breakdown from bearish consolidation at Resistance (and moves opposite SPY, which is bottoming and...
by Dan Gibby | Apr 11, 2018 | Past Weekly Options Letters
4/11: NOC – Consider shorting Apr (4/13) $342.5/335 bull put credit spread (2.5 DTE) for current mid-point around $.60/share. Bullish reversal on Support and r20/50-MA. Stop Loss $344.98.
by Dan Gibby | Apr 10, 2018 | Past Weekly Options Letters
Below is a daily chart of iPath S&P 500 VIX ST Futures ETN (VXX). Trade: Under $48.28, consider shorting Apr (4/20) $55/65 bear call credit spread (9 DTE) for a limit of $.60/share (closed at $.64/share). Technical Setup: Bearish consolidation at...
by Dan Gibby | Apr 10, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of NETGEAR, Inc. (NTGR). Trade: Over $60.75, consider buying stock. Technical Setup: Breakout from multi-week consolidation with price void above daily/weekly. Stop Loss: $58.69. Earnings 4/25 so exit before that. CMTL...
