by Dan Gibby | Jan 18, 2018 | Master Trader Advisory Letter Past
1/8: WMT – Bought stock and shorting Feb (2/16) $105 calls for $95.56/share. Note: Earnings 2/19/18. 1/16: Move stop $100.44. 1/18: With stock gapping up over $2 pre-market, close 1/3 lot of the covered call for nice profits. We will monitor to see if/when...
by Dan Gibby | Jan 17, 2018 | Past Weekly Options Letters
Below is a daily chart of Alibaba Group Holding Limited (BABA). Trade: Consider shorting Jan (1/26) $192.5/200 bear call credit spread (10 DTE) for around current mid-point of $.48/share (extended intra-day so should get price improvement). Technical Setup: ...
by Dan Gibby | Jan 17, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of The Goldman Sachs Group, Inc. (GS). Trade: Consider shorting Jan (1/26) $262.5/270 bear call credit spread (10 DTE) for around current mid-point of $.75/share (extended intra-day so should get price improvement). Technical Setup: Bearish...
by Dan Gibby | Jan 15, 2018 | Past Weekly Options Letters
By the end of the day on Wednesday, we were convinced that the markets were going to go higher. However, we didn’t think they would move as much as they did. Greg Capra covered how things shaped up into Wednesday’s close in the Chart of the Week video. If you missed...
by Dan Gibby | Jan 15, 2018 | Master Trader Advisory Letter Past
Well, the first correction of 2018 is now behind us. Oh, you didn’t see it, you must have blinked! I’m joking of course, but based on Tuesday’s Topping Tail (TT) after multiple days higher, it didn’t look like there would be more than an intra-day dip. By the end of...
