by Dan Gibby | Nov 29, 2017 | Master Trader Advisory Letter Past
We have made a number of adjustments today, please see Spreadsheet for recommended changes. QQQ weak so time to sell some strength to preserve outstanding recent profits. Adjustments and Comments on Open and Closed trades in Master Trader’s Market Edge...
by Dan Gibby | Nov 29, 2017 | Master Trader Advisory Letter Past
Below is a daily/weekly chart of Allergan plc (AGN). Trade: Consider shorting Dec (12/15) $170/162.5 Bull Put Credit Spread (16 DTE) for around current mid-point of $.80/share. Technical Setup: Pro Gap Breakout daily from multi-week consolidation daily, CBS weekly....
by Dan Gibby | Nov 29, 2017 | Past Weekly Options Letters
Below is a daily chart of First Solar, Inc. (FSLR). Trade: Over $63.10, consider shorting Dec (12/8) $59.5/54.5 Bull Put Credit Spread (9 DTE) for a limit of (closed at $.97/share). Technical Setup: Breakout daily/weekly after bullish multi-week consolidation...
by Dan Gibby | Nov 28, 2017 | Past Weekly Options Letters
Below is a daily chart of Chipotle Mexican Grill, Inc. (CMG). Trade: Provided it opens over $282, consider shorting Dec (12/8) $270/260 Bull Put Credit Spread (9 DTE) for a limit of closing midpoint of $.85/share. Technical Setup: Bullish +WRB from consolidation...
by Dan Gibby | Nov 28, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Advance Auto Parts, Inc. (AAP). Trade: Consider shorting Jan (1/19) $80/70 Bull Put Credit Spread (51 DTE) for a limit of $.75/share (closed at $.67/share but is extended hourly). Technical Setup: +WRB from Bullish Retracement and rounding...
