by Dan Gibby | Feb 11, 2018 | Past Weekly Options Letters
Despite the market turmoil the past three weeks, we are pleased to report that the Master Trader Weekly Option Trader has closed 21 straight wins for a total of $7.69 points ($7,690 based on a 10-lot of each recommendation). As always, we will manage opens using...
by Dan Gibby | Feb 4, 2018 | Master Trader Advisory Letter Past
My cautionary commentary from last week was well timed. We hope you heeded the warning and did not suffer any significant losses in the drop. The initial gap down was followed by three days of chop and then the big drop. And while the broader markets were ripe for a...
by Dan Gibby | Feb 4, 2018 | Past Weekly Options Letters
Below is a daily chart of Chevron Corporation (CVX). Trade: Over the 30-Min. high, consider shorting Feb (2/9) $117/114 bull put credit spread (5 DTE) for mid-point but a limit of $.55/share (closed at $.65/share). Technical Setup: -WRB on +Vol. to Major...
by Dan Gibby | Feb 3, 2018 | Past Weekly Options Letters
TRADE WATCH IDEAS: Below is a daily chart of Big Lots, Inc. (BIG). Note: We will be watching to see if reverses in the $56 area for possibly selling a weekly Bull Put Credit Spread (BPS). Below is a daily chart of United Parcel Service, Inc. (UPS)....
by Dan Gibby | Feb 1, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Caesars Entertainment Corporation (CZR). Trade: Consider buying Mar (3/16) $13/15 bull call debit spread (43 DTE) at the current mid-point of $1.15/share (which is giving $.15/share positive time decay). Technical Setup: Breakout...
