by Dan Gibby | Apr 9, 2018 | Hold for Review
4/9: BABA – Over 30-Min. high, consider shorting Apr (4/13) $165/160 bull put credit spread for mid-point (currently $.44/share). Income trade with 98% IVR with high fear. Bull Gap from huge 2x bottom on the hourly, oversold daily, far from d20-MA. Stop...
by Dan Gibby | Apr 9, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
4/9: VXX – With SPY gap up and VXX gap down to $49 area, under 30-Min. low of VXX, consider shorting Apr (4/13) $55/65 bear call credit spread (5 DTE) for mid-point but limit of $.50/share (closed at $.56/share). Income trade with high IVR (SPY 95% Implied...
by Dan Gibby | Apr 8, 2018 | Past Weekly Options Letters
With market selloff into the close Friday, leaving deep retracement into demand, we are going to be conservative until we get more clarity. However, we are watching home builders and retail sectors since have nice bottoming patterns. Below is a daily chart of...
by Dan Gibby | Apr 6, 2018 | Past Weekly Options Letters
4/6: SPY – Shorted Apr (4/6) $262 naked puts for $.38/share (expires today). Bullish move from Gap down, Major Support and r200-MA daily, just betting the low will hold for day. Stop $263.10.
by Dan Gibby | Apr 5, 2018 | Master Trader Advisory Letter Past, MasterTrader Audio Lessons, Past Weekly Options Letters
Watch this bonus video lesson to see why we sold 1-day OTM calls on SPY and QQQ directional trades to reduce cost basis with high implied volatility! ...
