by Dan Gibby | Oct 17, 2017 | Past Weekly Options Letters
Below is a daily chart of The Goldman Sachs Group, Inc. (GS). Trade: Consider selling the following $5.00-wide Iron Condor: sell Oct (10/27) $245/250 bear call spread and sell Oct (10/27) $227.5/225.5 bull put spread (9 Days to Expiration (DTE)) for current...
by Dan Gibby | Oct 16, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of IHS Markit Ltd. (INFO). Trade: Under $43.70, consider shorting the stock. Technical Setup: Breakdown following Pro Bear Gap, -WRB, and bearish retracement on daily and weekly. Stop Loss: $45.02. Adjustments and Comments on Open...
by Dan Gibby | Oct 15, 2017 | Past Weekly Options Letters
Closed Trades Week of 10/9/17: We Batted 75% last week, booking a net $1,380 (assuming a 10-lot position sizing). 10/6: PG – Bought Oct (10/13) $93.5 puts for $1.65/share, sold for $3.50/share for $1.85/share gain. 10/9: TSLA – Shorted Oct (10/13)...
by Dan Gibby | Oct 12, 2017 | Past Weekly Options Letters
Below is a daily chart of Patterson-UTI Energy, Inc. (PTEN). Trade: Under $20.43, consider shorting Oct (10/20) $21/23 bear call spread (8 DTE) for $.25/share or better. Technical Setup: Breakdown after breakout failure daily, and Sell Setup, Topping Tail, and...
by Dan Gibby | Oct 12, 2017 | Past Weekly Options Letters
Below is a daily chart of Amazon.com, Inc. (AMZN). Trade: Consider shorting Oct (10/20) $960/950 bull put spread (8 DTE) for current mid-point of $.55/share or better. Technical Setup: Breakout daily/weekly after 100% Retracement and consolidation at Major...
