by Dan Gibby | Apr 4, 2018 | Hold for Review
4/4: DHI – Consider shorting May (5/18) $41/36 bull put credit spread for around $.50/share. Stop $41.33. +WRB from multi-week consolidation and prior low Major Support daily/weekly, bullish Buy Setup monthly. We intend to hold over Earnings 4/26.
by Dan Gibby | Apr 4, 2018 | Past Weekly Options Letters
4/4: QQQ – Consider selling Apr (4/6) $155/150 bull put credit spread for current mid-point of $.43/share (2 DTE). Bullish Gap Engulfing at Major Support and r200-MA. Stop $154.03.
by Dan Gibby | Apr 4, 2018 | Master Trader Advisory Letter Past
4/4: SPY – Consider buying around current levels of $262.45. Bullish Gap Engulfing at Major Support and r200-MA. Stop $256.59. Will leg into covered call later. Buy QQQ also $158.70 is okay, stop low.
by Dan Gibby | Apr 4, 2018 | Past Weekly Options Letters
4/4: SPY – Consider selling Apr (4/9) $256/250 bull put credit spread for $.46/share (5 DTE). Bullish Gap Engulfing at Major Support and r200-MA. Stop $256.59.
by Dan Gibby | Apr 4, 2018 | Master Trader Advisory Letter Past
4/4: MU – Consider shorting Apr (4/13) $48.5 naked puts for current bid of $.42/share (9 DTE). Bullish engulfing, negating bear gap, on r20-MA and Minor Support daily, bullish weekly with Bottoming Tail. Stop: $49.18.
