by Dan Gibby | Jan 30, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of SPDR S&P 500 ETF (SPY). Trade: Consider shorting Feb (2/16) $288/293 bear call credit spread (18 DTE) for a limit of $.95/share (current mid-point is $.80/share but on hourly support so we want price improvement on a bounce). Technical...
by Dan Gibby | Jan 29, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Eastman Kodak Company (KODK). Trade: Consider shorting Feb (2/16) $7.5/5 bull put credit spread (18 DTE) for current mid-point of $.35/share. Technical Setup: Higher low daily within the prior +WRB/engulfing bar, hourly W...
by Dan Gibby | Jan 28, 2018 | Master Trader Advisory Letter Past
In last week’s letter, I mentioned the weekly “Hangman candle” on the weekly time frame. Hangman candles suggest a short-term top, but with any pattern that we trade as Master Trader, there must be confirmation of the pattern by trading above or below a defined...
by Dan Gibby | Jan 28, 2018 | Past Weekly Options Letters
Below is a daily chart of Caterpillar Inc. (CAT). Trade: Under $165.50, consider shorting Feb (2/2) $170/177.5 bear call credit spread (5 DTE) at mid-point (closed at $.98/share). Technical Setup: Breakdown after earnings daily (Implied Volatility Rank still...
by Dan Gibby | Jan 26, 2018 | Past Weekly Options Letters
Below is a daily chart of Intel Corporation (INTC). Trade: Consider shorting Feb (2/2) $48.5/44.5 bull put credit spread (7 DTE) for around current mid-point of $.42/share. Technical Setup: Pro Gap Breakout on earnings daily, Bullish Breakout weekly and...
