by Dan Gibby | Nov 22, 2017 | Past Weekly Options Letters
Below is a daily chart of Restoration Hardware (RH). Trade: Consider shorting Dec (12/1) naked puts (9 DTE) with Strike Price at $88 or below for mid-point or slightly less. They are spready (higher risk) so please choose the one per your Trading Plan if you trade...
by Dan Gibby | Nov 22, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Darden Restaurants, Inc. (DRI). Trade: Provided it does not open over $81, consider shorting Nov (11/24) $82.5/85 bear call spread (23 DTE) for mid-point but limit of $.50/share. Technical Setup: See chart. Option Strategy: Bear Call...
by Dan Gibby | Nov 22, 2017 | Past Weekly Options Letters
Below is a daily chart of Union Pacific Corporation (UNP). Trade: Provided it opens over $116.60, over 5-Min. high consider shorting Dec (12/1) $115/111 bull put spread (9 DTE) for around closing mid-point of $.53/share (or more with gap down). Technical Setup: ...
by Dan Gibby | Nov 21, 2017 | Past Weekly Options Letters
Below is a daily chart of Wynn Resorts, Limited (WYNN). Trade: Consider shorting Dec (12/15) $152.5/147 bull put spread (10 DTE) for current mid-point of $.57/share. Technical Setup: Bullish Wide Range Bar (+WRB) breakout on daily, bullish weekly and monthly....
by Dan Gibby | Nov 21, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of iShares Transportation Average ETF (IYT). Trade: Consider shorting Dec (12/15) $167/160 bull put spread (24 DTE) for $.95//share (note: higher risk because less liquidity and wider spreads). Technical Setup: Bullish retest at r200-MA and...
