by Dan Gibby | Mar 4, 2018 | Past Weekly Options Letters
Below is a daily chart of GrubHub Inc. (GRUB). Trade: Over $99.89, consider shorting Mar (3/9) $94/85 bull put credit spread (5 DTE) for closing mid-point of $.45/share. Technical Setup: Bullish engulfing and Bottoming Tail and possible breakout to all-time...
by Dan Gibby | Feb 28, 2018 | Past Weekly Options Letters
Below is a daily chart of Overstock.com, Inc. (OSTK). Trade: Under $60.00, consider shorting Mar (3/19) $70/75 bear call credit spread (9 DTE) for a $.70/share (closed at $.50/share, but spready so HIGH RISK). Technical Setup: Bearish consolidation between 20/50-MA...
by Dan Gibby | Feb 28, 2018 | Hold for Review
2/28: PZZA – Consider shorting Mar (3/16) $52.5/42.5 bull put spread around current mid-point of $.40/share. Bear Gap quickly negated (pattern we call “Bear Gap Bullies”) daily, bottoming tail weekly. Stop $53.98.
by Dan Gibby | Feb 26, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Foot Locker, Inc. (FL). Trade: Over $49.59, consider buying stock for swing trade. Technical Setup: Bullish consolidation daily/weekly. Stop Loss: $79.49. Earnings 3/2, so close before by 3/1. Below is a daily chart...
by Dan Gibby | Feb 25, 2018 | Investor and Trader Weekly Lessons
This is a bonus lesson just to highlight the dangers of trading stocks or options without the use of technical analysis. Successful trading requires the employment of an objective, high-probability, systematic strategy. Successful traders come in many...
