by Dan Gibby | Dec 15, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of iShares MSCI Mexico Capped ETF (EWW). Trade: Over $50.54, consider shorting Jan (1/19) $49/44 Bull Put Credit Spread (34 DTE) for mid-point (closed at $.74/share). Technical Setup: Bullish +123 Continuation after huge double bottom retest...
by Dan Gibby | Dec 12, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Intercontinental Exchange, Inc. (ICE). Trade: Over $71.37, consider shorting Jan (1/19) $70/65 Bull Put Credit Spread (37 DTE) for midpoint but limit of $.80/share (currently $.85/share). Technical Setup: Master Trader Buy Setup,...
by Dan Gibby | Dec 12, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Square, Inc. (SQ). Trade: Over 1-hour high today, consider shorting Jan (1/19) $35/31 Bull Put Credit Spread (38 DTE) for midpoint but limit of $.55/share (currently $.60/share). Technical Setup: Breakout from bullish consolidation above...
by Dan Gibby | Dec 11, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Alibaba Group Holding Limited (BABA). Trade: Under $178.15, consider buying Dec (12/22) $187.5/170 bear put spread (10 DTE) at mid-point (closed at $8.18/share, will have positive time decay). Technical Setup: Master Trader Sell Setup at...
by Dan Gibby | Dec 10, 2017 | Master Trader Advisory Letter Past
The broader markets didn’t move much last week, but that was expected (see last Monday’s letter) after the prior week having a relatively wider range than in past weeks. Historically, a Wide Range Bar (WRB) is followed by narrow range bars or narrow range bodies....
