by Dan Gibby | Nov 9, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Wynn Resorts, Limited (WYNN). Trade: Over $154.10, consider (a) shorting Nov (11/24) $147/137 bull put spread (14 DTE) for mid-point but minimum of $.94/share (closed at $1.00/share), or (b) consider buying Dec (12/15) $135 calls (35 DTE)...
by Dan Gibby | Nov 9, 2017 | Past Weekly Options Letters
Below is a daily chart of Wynn Resorts, Limited (WYNN). Trade: Over $154.10, consider shorting Nov (11/17) $149/143 bull put spread (7 DTE) for mid-point but minimum of $.71/share (closed at $.78/share). Technical Setup: Breakout daily and weekly with strong...
by Dan Gibby | Nov 9, 2017 | Past Weekly Options Letters
Below is a daily chart of Caterpillar Inc. (CAT). Trade: Consider shorting Nov (11/17) $139/142 bear call spread (8 DTE) for $.35/share. Technical Setup: Gap down from Double Top daily after lower high, Climactic Sell Setup weekly and monthly. Option Strategy: ...
by Dan Gibby | Nov 9, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Caterpillar Inc. (CAT). Trade: Consider shorting Nov (11/17) $139/142 bear call spread (8 DTE) for $.35/share. Technical Setup: Gap down from Double Top daily after lower high, Climactic Sell Setup weekly and monthly. Option Strategy: ...
by Dan Gibby | Nov 8, 2017 | Past Weekly Options Letters
Regarding our ROKU short Nov (11/10) $18/16 bull put spread (sold for $.35/share), we wanted to advise you that earnings are after the close today, posing gap risk. The Max Gain is the $.35/share premium received. You can close now for $.55/share, booking a...
