by Dan Gibby | Mar 13, 2018 | Past Weekly Options Letters
3/13: BA – Under $344.12, consider shorting Mar (3/16) $357.5/367.5 bear call credit spread for mid-point (currently $.81/share). Bearish -123 pattern if closed here following yesterday’s bearish engulfing bar, deep into support. Stop $355.42....
by Dan Gibby | Mar 12, 2018 | Master Trader Advisory Letter Past
3/12: AMD – Consider shorting Apr (4/20) $41 naked puts for $.25/share. Gap breakout from multi-month trading range, income trade on far OTM puts (Delta only .14 implying 86% probability of expiring worthless) and 100% Implied Volatility Rank. Stop...
by Dan Gibby | Mar 9, 2018 | Past Weekly Options Letters
NEW TRADE IDEA: 3/9: MU – Consider shorting Mar (3/16) $56/61 bear call credit spread for around current mid-point of $.56/share. Climactic sell setup with bearish engulfing, short-term income trade with 97% Implied Volatility Rank. Stop $56.02.
by Dan Gibby | Mar 9, 2018 | Master Trader Advisory Letter Past
NEW TRADE IDEAS: 3/9: FTI – Consider shorting Apr (4/20) $28/25 bull put credit spread around current $.35/share mid-point. Breakout from big 2x bottom at 200-MA daily, bullish engulfing on weekly, sector bottoming. Stop $28.18. 3/9: NOV – Consider shorting Apr...
by Dan Gibby | Mar 9, 2018 | Past Weekly Options Letters
NEW TRADE IDEA: 3/9: FDX – Consider shorting Mar (3/16) $235/225 bull put credit spread around current $.58/share mid-point. Big 2x bottom and Bottoming Tail above 200-MA daily. Stop $236.17.
