by Dan Gibby | Sep 11, 2017 | Past Weekly Options Letters
Below is a daily chart of Baidu, Inc. (BIDU). Trade: Over $234.65, consider shorting Sep (9/15) $1227.5 naked puts (4 Days to Expiration (DTE)) at mid-point but for a limit of $.60/share (closed at $.66 x .77). Technical Setup: Breakout daily, bullish weekly and...
by Dan Gibby | Sep 11, 2017 | Master Trader Advisory Letter Past
Is it irrational exuberance or just defying gravity? Whatever the reason, this market refuses to pull back in a significant way and appears to be ready to drive higher. We cannot argue with today’s price action, so want to get some long exposure with the trades below....
by Dan Gibby | Sep 11, 2017 | Intra-Day Trading Comments
Below is a daily chart of Costco Wholesale Corporation (COST). Trade: Consider selling the following $2.5-wide Iron Condor: sell Sep (9/22) $162.5/165 bear call spread and sell Sep (9/22) $152.5/150 bull put spread (11 DTE) for around current mid-point of...
by Dan Gibby | Sep 11, 2017 | Intra-Day Trading Comments
Below is a daily chart of Facebook, Inc. (FB). Trade: Consider shorting Sep (9/22) $170/160 bull put spread (11 Days to Expiration (DTE)) for around current mid-point of $.70/share. Technical Setup: Breakout of Major Resistance on daily chart and negating Friday’s...
by Dan Gibby | Sep 11, 2017 | Past Weekly Options Letters
Below is a daily chart of Kansas City Southern (KSU). Trade: Over $104.47, consider shorting Sep (9/15) $103/99 bull put spread (5 Days to Expiration (DTE)) for a limit of $.35/share (closed at $.45/share). Technical Setup: Breakout daily from Major Support on...
