by Dan Gibby | Jan 21, 2018 | Master Trader Advisory Letter Past
The “Measured Move” scenario I wrote about in last week’s letter on Monday played out almost exactly to the numbers. What now? Well, the internals still have not given us a sell signal but that doesn’t mean that prices won’t pull back. I cannot say that...
by Dan Gibby | Jan 21, 2018 | Past Weekly Options Letters
Below is a daily chart of SPDR Dow Jones Industrial Average ETF (DIA). Trade: Under $259.27, consider shorting Feb (2/5) $261/265 bear call credit spread (5 DTE) at mid-point (closed at $.98/share). Technical Setup: Extended all time frames, under Friday’s...
by Dan Gibby | Jan 19, 2018 | Past Weekly Options Letters
1/19: BA – We recommend shorting Jan (1/26) $350/360 bear call credit spread (7 DTE) for around current mid-point of $.97/share. Stop $350.00. Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby...
by Dan Gibby | Jan 19, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Papa John’s International, Inc. (PZZA). Trade: Consider shorting Feb (2/16) $52.5 naked puts (28 DTE) for $.75/share (currently $.70 x .85/share). Technical Setup: +WRB engulfing/Breakout bar from multi-month consolidation...
by Dan Gibby | Jan 18, 2018 | Past Weekly Options Letters
Below is a daily chart of The Boeing Company (BA). Trade: Consider shorting Jan (1/19) $350/360 bear call credit spread (1 DTE) for a limit of $.51/share or better. Technical Setup: Bearish retracement into yesterday’s +WRB from Climactic Sell Setup daily...
