by Dan Gibby | Sep 8, 2017 | Intra-Day Trading Comments
Below is a daily chart of First Solar, Inc. (FSLR), $47.09. Trade: Consider shorting Sep (9/22) $52/56 bear call spread (15 DTE) for current mid-point of $.40/share. Technical Setup: Breakdown from multi-week consolidation at rolling 20-MA daily, extended weekly...
by Dan Gibby | Sep 8, 2017 | Past Weekly Options Letters
Adjustments and Comments on Weekly Option Trades 9/7/17: NFLX – Shorted Sep (9/8) $172.5 naked puts for $.17/share. 9/8: Bid $.01/share to close to avoid any gap risk after market, to book $.16/share (94% of Max Gain), currently $.01 x .02. 9/7/17: NFLX...
by Dan Gibby | Sep 7, 2017 | Intra-Day Trading Comments
Below is a daily/weekly/monthly chart of Ferrari N.V. (RACE), $108.59. Trade: Consider shorting Oct (10/20) $120/130 bear call spread (43 DTE) for current mid-point of $.65/share or better. Technical Setup: Bearish Pro Gap daily from Climactic Sell Setup weekly...
by Dan Gibby | Sep 7, 2017 | Past Weekly Options Letters
Below is a daily chart of Netflix, Inc. (NFLX), $177.92. Trade: Consider one of two trades: (a) shorting Sep (9/8) $172.5 naked puts (1.5 Days to Expiration (DTE)) for around current mid-point of $.17/share; or (b) Sep (9/15) $170/162.5 bull put spread (8 DTE) for...
by Dan Gibby | Sep 6, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Square, Inc. (SQ), $26.05. Trade: Over $26.17, consider shorting Oct (10/20) $24/20 bull put spread (43 Days to Expiration (DTE)) for around current mid-point of $.40/share. Technical Setup: Bullish consolidation daily/weekly. Option...
