by Dan Gibby | Nov 27, 2017 | Past Weekly Options Letters
Below is a daily chart of Square, Inc. (SQ). Trade: Consider shorting Dec (12/1) $50 naked calls for $.45/share mid-point. Technical Setup: Bearish Gap from Climactic Sell Setup daily/weekly. Stop $49.82. Happy trading! If you have any questions or...
by Dan Gibby | Nov 26, 2017 | Master Trader Advisory Letter Past
The broader markets moved up last week as they historically do into the Thanksgiving Holiday. We hope that everyone had a wonderful Thanksgiving! What has been strong — technology and Internet — continue to be. Sectors that have been beaten down, like...
by Dan Gibby | Nov 26, 2017 | Past Weekly Options Letters
Below is a daily chart of American Tower Corporation (REIT) (AMT). Trade: Provided it opens above $147, consider shorting Dec (12/1) $145/140 Bull Put Credit Spread (5 DTE) for mid-point but limit of $.35/share (closed at $.40/share). Technical Setup: Bullish...
by Dan Gibby | Nov 24, 2017 | Past Weekly Options Letters
Below is a daily chart of UnitedHealth Group Incorporated (UNH). Trade: Consider shorting Dec (12/1) $207.5/202.5 Bull Put Credit Spread (7 DTE) for $.91/share mid-point. Technical Setup: See above chart. Option Strategy: Bull Put Credit Spread (BPS). Stop...
by Dan Gibby | Nov 24, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Snap Inc. (SNAP). Trade: Consider shorting Dec (12/15) $12 naked puts (21 DTE) for $.27/share. Technical Setup: Bullish W Formation after selloff on daily, support area weekly. Option Strategy: Bull Put Credit Spread (BPS). Stop Loss: ...
