by Dan Gibby | Nov 14, 2017 | Master Trader Advisory Letter Past
Below is a weekly chart of The Williams Companies, Inc. (WMB). Trade: Consider buying Dec (12/15) $29/27 bear put spread (31 DTE) at its current mid-point of $1.17/share. Technical Setup: Breakdown daily, weekly and monthly. Option Strategy: Bear Put Debit...
by Dan Gibby | Nov 14, 2017 | Past Weekly Options Letters
Adjustments and Comments on Weekly Option Trades 11/13: ADSK – Shorted Nov (11/17) $120/116 bull put spread for $.40/share. 11/14: Close half at current $.10/share mid-point for 75% Max Gain, and move stop $123.78. 11/13: MU – Shorted Nov (11/17) $42.5...
by Dan Gibby | Nov 14, 2017 | Master Trader Advisory Letter Past, Past Weekly Options Letters
$HMNY – Remember when we recommend bearish stock and option strategies at $37 on a Climactic Sell Setup!? That was sweet! Well, now the daily has stabilized with a Bullish Double Bottom on the rising 50-MA and has a small gap up today. Will be watching a...
by Dan Gibby | Nov 10, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of NRG Energy, Inc. (NRG). Trade: Consider shorting Dec (12/15) $25/22 bull put spread (35 DTE) for a limit of current mid-point of $.25/share. ROI 9.1% if expires worthless. Technical Setup: Bullish consolidation in higher range of +WRB...
by Dan Gibby | Nov 10, 2017 | Master Trader Advisory Letter Past
GLD – Consider selling Nov (11/17) $123 calls for $.41/share to convert long stock to covered call and lower cost basis to $120.96. Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby...
