by Dan Gibby | Oct 2, 2017 | Past Weekly Options Letters
Below is a daily chart of Molson Coors Brewing Company (TAP). Trade: Consider shorting Oct (10/6) $81/79 bull put spread (4.5 DTE) for current mid-point of $.27/share. Technical Setup: Climactic Buy Setup daily and stabilizing hourly chart. Option Strategy: Bull...
by Dan Gibby | Sep 30, 2017 | Past Weekly Options Letters
It was a great week for our income trades that were 100% profitable! 9/27/17: AMZN – Shorted Sep (9/29) $930/910 bull put spread for $.64/share. Expired worthless for 100% profit. 9/21/17: WTW – Shorted Sep (9/29) $40.5 naked puts (9 DTE) for...
by Dan Gibby | Sep 30, 2017 | Master Trader Advisory Letter Past
The monthly charts are complete. All of the broader markets and most sectors look like they’re going higher. Looking at the daily charts in the moves from last week, it’s reasonable to think that they will be some retracement. Hopefully, there will be. A continued...
by Dan Gibby | Sep 29, 2017 | Intra-Day Trading Comments
Below is a daily chart of Wynn Resorts, Limited (WYNN). Trade: Consider shorting Oct (10/20) $140/135 bull put spread (21 DTE) for around current mid-point of $.62/share. Technical Setup: Gap and Breakout daily and weekly charts. Option Strategy: Bull Put Credit...
by Dan Gibby | Sep 28, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of SPDR S&P Biotech ETF (XBI). Trade: Consider shorting Oct (10/20) $82.5 naked puts (21 DTE) for around current mid-point of $.63/share. Technical Setup: Breakout daily chart, bullish weekly/monthly charts. Option Strategy: Short Naked...
