by Dan Gibby | Sep 10, 2017 | Past Weekly Options Letters
Below is a daily chart of Citigroup Inc. (C), $66.17. Trade: Under $65.70, consider shorting Sep (9/15) $67 naked calls (5 DTE) for mid-point (closed at $.43/share). Technical Setup: Breakdown daily and weekly, weak financial sector. Option Strategy: Short Naked...
by Dan Gibby | Sep 10, 2017 | Master Trader Advisory Letter Past
The week before last, most markets held their relative support areas and rallied sharply from them. Last week, most of those markets chopped sideways, which may be them consolidating the prior week’s gain. It appears that the last month or so has been a choppy...
by Dan Gibby | Sep 8, 2017 | Intra-Day Trading Comments
Below is a daily chart of NVIDIA Corporation (NVDA), $162.77. Trade: Consider shorting Sep (9/22) $172.5/180 bear call spread (14 DTE) for current mid-point of $.70/share. Technical Setup: Breakdown from large topping pattern following Breakout Failure daily,...
by Dan Gibby | Sep 8, 2017 | Past Weekly Options Letters
Below is a 30-Min. chart of NVIDIA Corporation (NVDA), $163.31. Trade: Consider shorting Sep (9/15) $170/175 bear call spread (7 DTE) for current mid-point of $.50/share. Technical Setup: Breakdown following Breakout Failure daily, extended monthly. Option...
by Dan Gibby | Sep 8, 2017 | Past Weekly Options Letters
Below is a daily chart of Everest Re Group, Ltd. (RE), $217.30. Trade: Consider shorting Sep (9/15) $160 naked puts (7.5 Days to Expiration (DTE)) for a limit of $.45/share (I got filled there after failing to get filled at $.50/share). Note: High risk because...
