by Dan Gibby | Aug 20, 2017 | Past Weekly Options Letters
Please enjoy for two weeks Master Trader’s new Weekly Options Trader! It is designed for the active trader wanting to generate weekly income from high probability short-term option selling. Because of the ease of the strategy and statistical “edge” that exists in...
by Dan Gibby | Aug 19, 2017 | Master Trader Advisory Letter Past
The sell signal — and coming short-term correction — mentioned in the July 24th newsletter is obviously underway. The selling last week was broad-based, which shook the confidence of those — even the most bullish. There were a few calls for a...
by Dan Gibby | Aug 17, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of 3M Company (MMM), $205.35. Trade: Under $205.28, consider shorting Sep (9/15) $210/220 bear call spread (28 DTE) for a limit of $.80/share (closing mid-point). Technical Setup: Breakdown from M Formation after rally into gap after Bear...
by Dan Gibby | Aug 17, 2017 | Intra-Day Trading Comments
Below is a daily chart of PowerShares QQQ Trust, Series 1 (QQQ), $142.80. Trade: Consider buying Aug (8/23) $145/140 bear put spread (8 DTE) for no more than $1.70/share (currently $2.03/share but is oversold intra-day and want price improvement on a bounce)....
by Dan Gibby | Aug 16, 2017 | Intra-Day Trading Comments
Below is a daily chart of SPDR S&P 500 ETF (SPY), $246.72. Trade: Provided SPY not trading over $247 around 3:45 ET, consider buying Aug (8/23) $249/245 bear put spread (8 DTE) at mid-point (currently $1.81/share). Technical Setup: Sell Setup at Major...
