by Dan Gibby | Mar 28, 2018 | Past Weekly Options Letters
3/28: FB – Shorted Mar (3/29) $147/142 bull put credit spread for $.42/share (2 DTE). Income trade with 100% IVR with high fear, hourly stabilized after bouncing off Major Support in $148-150 area on the daily chart,. No stop for now.
by Dan Gibby | Mar 27, 2018 | Past Weekly Options Letters
We missed the perfect entry on yesterday’s late-day breakout in SMH on the 15-Min. chart so we will not chase, and seek to get filled at the closing mid-point price. We are also watching: IBB, ITB, UTX for 10 DTE put spreads, will advise. ...
by Dan Gibby | Mar 26, 2018 | Past Weekly Options Letters
Below is a daily chart of Alphabet Inc. (GOOGL). Trade: Provided it opens over $1045, over 5-Min. high, consider shorting Apr (3/29) $1000/980 bull put credit spread (3 DTE) for around closing mid-point of $.85/share. Technical Setup: Climactic Buy Setup and...
by Dan Gibby | Mar 26, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Intel Corporation (INTC). Trade: Provided it opens over $51.90, over 5-Min. high, consider shorting Apr (4/20) $49 naked Puts (25 DTE) around closing mid-point of $.51/share. Technical Setup: Bullish Gap and +WRB daily, bullish...
by Dan Gibby | Mar 26, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
3/26: SPY – Shorted Mar (3/28) $258/248 bull put credit spread for $.55/share (2 DTE). Bull Gap Surprise daily, retracement into gap and bullish reversal intra-day, bullish hourly, high Volatility Income Trade. Stop Loss: $258.
