by Dan Gibby | Sep 21, 2017 | Past Weekly Options Letters
Weight Watchers International Inc. (WTW). Consider shorting Sep (9/29) $40.5 naked puts (9 DTE) for a limit of $.25/share. Stop Loss: $41.08. Bullish consolidation on the rising 20-MA daily and buy setup weekly. Please Sign Up for Text Alert Service for...
by Dan Gibby | Sep 20, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of SPDR S&P 500 ETF (SPY). Trade: Over $250.32, consider buying Sep (9/29) $245 calls (8 DTE) for a limit of $5.53/share (which gives us high delta as a directional swing trade and paying no more than $.20/share time value). Technical...
by Dan Gibby | Sep 20, 2017 | Past Weekly Options Letters
Adjustments and Comments on Weekly Option Trades 9/19/17: TSLA – Shorted Sep (9/22) $390/400 bear call spread (3.5 DTE) for $.84/share. 9/20: Close half at current mid-point of $.14/share (9/20 closing price) or better and move stop to $378.26/share....
by Dan Gibby | Sep 20, 2017 | Intra-Day Trading Comments
Below is a daily chart of The Clorox Company (CLX). Trade: Consider shorting the following $5-wide condor: sell the Oct (10/20) $140/145 bear call spread (30 Days to Expiration (DTE)) and sell Oct (10/20) $130/125 bull put spread for current mid-point of around...
by Dan Gibby | Sep 20, 2017 | Intra-Day Trading Comments
3M Company (MMM). Trade: Consider shorting Oct (10/20) $217.5/225 bear call spread (30 DTE) for current mid-point around $.65/share. Technical Setup: Bearish Gap from rally to Major Resistance on daily chart. Option Strategy: Bear Call Credit Spread (BCS). Stop...
