by Dan Gibby | Mar 20, 2018 | Past Weekly Options Letters
3/20: FB – Consider shorting Mar (3/23) $155/147 bull put credit spread (3.5 DTE) for around current mid-point of $.56/share. Two-day massive selloff on +Vol. (still downtrend daily/weekly but looking for high volatility income trade on bounce with intra-day...
by Dan Gibby | Mar 19, 2018 | Past Weekly Options Letters
With SPY having six red days, minor Bottoming Tail and on Minor Support on the hourly chart (from prior low’s breakout), we will be watching to short puts/spread with short expiration (2 or 4 DTE). We will advise when we get more confidence on an intra-day...
by Dan Gibby | Mar 19, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of The Kroger Co. (KR). Trade: Under $23.11, consider shorting stock. Technical Setup: Bearish consolidation following bear pro gap daily, bearish weekly. Target: Low $20s. Stop Loss: $24.40. Below is a daily chart of Landstar...
by Dan Gibby | Mar 18, 2018 | Past Weekly Options Letters
Below is a daily chart of Netflix, Inc. (NFLX). Trade: Under $317.70, consider shorting Mar (3/23) $332.5/342.5 bear call credit spread (5 DTE) for a limit of $.75/share (closed at $.83/share). Technical Setup: Breakdown from bearish 2-bar reversal at...
by Dan Gibby | Mar 16, 2018 | Past Weekly Options Letters
3/16: OSTK – Consider shorting Mar (3/16) $40 naked puts for current $.20/share bid (expires today). Reversal at r200-MA after 5 down days. Stop Loss: $40.28.
