by Dan Gibby | Jan 23, 2018 | Hold for Review
Below is a daily chart of Freeport-McMoRan Inc. (FCX). Trade: Consider shorting Feb (2/5) $20/22 bear call credit spread (4 DTE) around current mid-point of $.26/share. Technical Setup: Bearish Gap from multi-week consolidation, Climactic Sell Setup and...
by Dan Gibby | Jan 23, 2018 | Master Trader Advisory Letter Past
Below is a weekly chart of Bristol-Myers Squibb Company (BMY). Trade #1: Consider shorting Feb (2/16) $62 naked puts (24 DTE) for around current mid-point of $1.55/share. Trade #2: Consider shorting Feb (2/16) $60/55 bull put credit spread (24 DTE) for around...
by Dan Gibby | Jan 23, 2018 | Past Weekly Options Letters
1/23: GE – Sell $16 Naked Puts (4 DTE), closed at $.33 x .34/share. Daily CBS with +COG; hourly stabilization after BDF, with 15-Min. Gap Breakout. No stop, will roll to following weekly OTM strikes for Time Decay Income because climactic all time frames. note:...
by Dan Gibby | Jan 22, 2018 | Past Weekly Options Letters
1/22: PM – Consider shorting Jan (1/26) $106 naked puts (4 DTE) for a limit of $.60/share (currently $.40 x .51/share but extended intra-day with climactic sell setup hourly and starting to break down, if no fill, will watch/advise on entry when stabilizes). ...
by Dan Gibby | Jan 21, 2018 | Investor and Trader Weekly Lessons
Below is a trade just published in our Advisory Letter. As a value add to YOU, please enjoy this educational video lesson further describing the rationale and benefits of this trade, along with our reasoning for the strikes and expirations selected. [s3mv...
