by Dan Gibby | Aug 9, 2017 | Intra-Day Trading Comments
Below is a daily/weekly chart of The Boeing Company (BA), $236.45. Trade: Consider shorting Aug (8/18) $245/250 bear call spread (9 DTE) for $.35/share. Technical Setup: Breakdown after low high daily and Climactic Sell Setup weekly/monthly chart. Option...
by Dan Gibby | Aug 8, 2017 | Intra-Day Trading Comments
Below is a daily chart of Teva Pharmaceutical Industries Limited (TEVA), $19.21. Trade: Consider shorting Aug (8/18) $17 naked puts (10 DTE) for a limit of $.18/share. Technical Setup: Climactic Buy Setup and Bottoming Tail daily. Option Strategy: Short Naked...
by Dan Gibby | Aug 8, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Hess Corporation (HES), $42.90. Trade: Under $42.65, consider shorting Sep (9/15) $47.5/52.5 bear call spread (38 DTE) at mid-point (closed $.38/share). Technical Setup: Bearish consolidation in downtrend weekly chart. Option Strategy: ...
by Dan Gibby | Aug 7, 2017 | Intra-Day Trading Comments
Below is a daily chart of Freeport-McMoRan Inc. (FCX), $14.72. Trade: Consider shorting Sep (9/15) $13 naked puts (39 DTE) for a limit of $.17/share. Technical Setup: Bullish consolidation daily/weekly after +WRB breakout on earnings on Increased Volume. Option...
by Dan Gibby | Aug 5, 2017 | Master Trader Advisory Letter Past
We are right into the peak of the summer doldrums for the markets. So the broader markets’ slow activity should be expected. For another week, the broader markets have ended close to where they started the prior week. Since that is the case, there won’t be a lot...
