by Dan Gibby | Dec 20, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Facebook, Inc. (FB). Trade: Consider selling the following $10.00-wide Iron Condor: sell Jan (1/19) $185/195 bear call credit spread and sell Jan (1/19) $170/160 bull put credit spread (29 Days to Expiration (DTE)) for current...
by Dan Gibby | Dec 20, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Red Hat, Inc. (RHT). Trade: Consider selling Jan (1/19) $130/139 bear call credit spread (30 DTE) for $1.10/share (current mid-point) or better since extended and spready. Technical Setup: Bear earnings gap down daily, leaving...
by Dan Gibby | Dec 20, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Wal-Mart Stores, Inc. (WMT). Trade: Over $99.91, consider shorting Jan (1/19) $96/90 Bull Put Credit Spread (31 DTE) for mid-point but ta limit of $.41/share (closed at $.55/share). Technical Setup: Bullish Gap from consolidation into...
by Dan Gibby | Dec 18, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Weight Watchers International, Inc. (WTW). Trade: Consider shorting Jan (1/19) $42/39 Bull Put Credit Spread (32 DTE) for a limit of $.35/share. Technical Setup: Bullish +WRB from Master Trader Buy Setup on Minor Support and converging...
by Dan Gibby | Dec 17, 2017 | Master Trader Advisory Letter Past
The broader markets are holding their respective trends or grinding higher. As we head into the final week before the Christmas holiday, I think the main question is, “Will the tax cut be under the tree before then?” The president says it’s a done deal...
