by Dan Gibby | Jan 2, 2018 | Past Weekly Options Letters
Below is a daily chart of iShares Russell 2000 ETF (IWM). Trade: Over $154,15, consider shorting Jan (1/12) $151.5/146.5 Bull Put Credit Spread (10 DTE) for a limit of $.37/share (closed at $.41/share). Technical Setup: Bear Trap Breakout on 20MA daily,...
by Dan Gibby | Jan 2, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Allergan plc (AGN). Trade: Consider shorting Jan (1/19) $160/155 Bull Put Credit Spread (17 DTE) for current mid-point of $.65/share or better (since extended intra-day). Technical Setup: Bullish W Bottom with +WRB today (if closed...
by Dan Gibby | Jan 2, 2018 | Past Weekly Options Letters
Below is a daily chart of Alphabet Inc. (GOOGL). Trade: Consider shorting Jan (1/5) $1040/1030 Bull Put Credit Spread (4 DTE) for a limit of $.75/share (currently $.65/share but spready and want price improvement on pull back). Technical Setup: Master Trader...
by Dan Gibby | Jan 1, 2018 | Master Trader Advisory Letter Past
Trade Adjustment 12/26: M – Shorted Jan (1/19) $25/21 Bull Put Credit Spread for $.49/share. 1/1: We initially had a stop loss of $25.08 which is close. Although this Breakout Failure is unfortunate, it is still within the consolidation at r20-MA and...
by Dan Gibby | Jan 1, 2018 | Past Weekly Options Letters
Below is a daily chart of First Solar, Inc. (FSLR). Trade: Over $68.70, consider shorting Jan (1/5) $67/64 Bull Put Credit Spread (4 DTE) for mid-point but a limit of $.45/share (closed at $.65/share). Technical Setup: Bullish consolidation into r20-MA daily,...
