by Dan Gibby | Sep 25, 2017 | Intra-Day Trading Comments
Below is a daily chart of McDonald’s Corp. (MCD). Trade: Consider shorting Oct (10/20) $160/165 bear call spread (25 DTE) for around current mid-point of $.69/share. Technical Setup: Breakout Failure at highs, then Retest & Failure into –WRB daily, bearish...
by Dan Gibby | Sep 25, 2017 | Intra-Day Trading Comments
Below is a daily chart of Facebook Inc. (FB). Trade: Consider shorting Oct (10/20) $175 naked calls (25 DTE) for current mid-point of $.70/share or better. Technical Setup: Bearish Gap and Breakdown daily, weekly bearish M Formation, and Climactic Sell Setup...
by Dan Gibby | Sep 25, 2017 | Intra-Day Trading Comments
Below is a daily chart of Electronic Arts Inc. (EA). Trade: Consider shorting Oct (10/20) $123/127 bear call spread (25 DTE) for current mid-point of $.45/share. Technical Setup: Breakdown daily and weekly, extended monthly. Option Strategy: Bear Call Credit...
by Dan Gibby | Sep 25, 2017 | Past Weekly Options Letters
Below is a daily chart of The Boeing Company (BA). Trade: Consider shorting Sep (9/29) $260/265 bear call spread (5 DTE) for around current mid-point of $.60/share. Technical Setup: Climactic Sell Setup (CSS) and Topping Tail daily. Option Strategy: Bear Call...
by Dan Gibby | Sep 24, 2017 | Master Trader Advisory Letter Past
Last week, the leading broader market indices (S&P 500 and Nasdaq 100) marked time while the laggards (Transports and Russel 2000) led the way higher. This week, we should see if the prior leaders are ready to break out of their consolidation. Further advancement...
