by Dan Gibby | Feb 25, 2018 | Past Weekly Options Letters
Below is a daily chart of Lululemon Athletica Inc. (LULU). Trade: Over $82.21, consider shorting Mar (3/2) $80/75 bull put credit spread (5 DTE) at mid-point but limit of $.43/share (closed at $.47/share). Technical Setup: Bullish consolidation in top range...
by Dan Gibby | Feb 22, 2018 | Past Weekly Options Letters
AAPL is new trade posted in chat just now (but below are comments to everything else): 2/22: AAPL – Under $171, consider shorting Mar (3/2) $175/180 Bear Call Spread for mid-point (currently $.90/share) (8 DTE). Breakdown from 5-day narrow consolidation with Topping...
by Dan Gibby | Feb 13, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
2/13: UPS – Consider shorting Feb (2/16) $105/100 Bull Put Credit Spread (3 DTE) for around current mid-point of $.55/share. Climactic Buy Setup daily, breakout hourly. 100% IVR. Stop Loss: $105.08.
by Dan Gibby | Feb 13, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
In our weekend advisory letters, we said: “With the elevated volatility levels in the market (IVR of the VIX is still at 99%), this favors shorting overpriced options (with the charts as always) and/or trades with positive time decay. This should be an...
by Dan Gibby | Feb 11, 2018 | Master Trader Advisory Letter Past
The selling that began at the close of January continued last week and it looks like we have a short-term low in place. Our market internal gauges are supportive of this in the short term; however, it would not be a surprise to see lower lows. I’m not wishing to see...
