by Dan Gibby | Oct 19, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of SPDR S&P 500 ETF (SPY). Trade: Consider one of two trades: (1) shorting Oct (10/27) $256/258 bear call spread (8 DTE) for a limit of current mid-point of $.44/share or better; or (2) buying Oct (10/27) $257.5/252.5 bear put spread (8...
by Dan Gibby | Oct 19, 2017 | Past Weekly Options Letters
Below is a daily chart of SPDR S&P 500 ETF (SPY). Trade: Consider shorting Oct (10/27) $256/258 bear call spread (8 DTE) for a limit of current mid-point of $.38/share or better since extended intra-day Technical Setup: Bearish Gap from rising extended wedge...
by Dan Gibby | Oct 18, 2017 | Master Trader Advisory Letter Past
Below is a weekly chart of Tech Data Corp. (TECD). Trade: Under $92.35, consider shorting Nov (10/17) $95/100 bear call spread (29 DTE) for a limit of $1.15/share (closed at $1.20/share but spready so should get price improvement). Technical Setup: Bearish sell...
by Dan Gibby | Oct 18, 2017 | Past Weekly Options Letters
Below is a daily chart of Dollar General Corporation (DG). Trade: Over $83.22, consider shorting Oct (10/27) $81.5/78 bull put spread (8 DTE) for mid-point of $.44/share or better (closed at $.50/share). Technical Setup: Breakout all time frames with price void...
by Dan Gibby | Oct 18, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Finisar Corporation (FNSR). Trade: Consider shorting Nov (10/17) $23/25 bear call spread (30 DTE) for current mid-point of $.30/share. Technical Setup: Bearish breakdown daily and weekly, downtrend all time frames. Option Strategy: Bear...
