by Dan Gibby | Jul 31, 2017 | Intra-Day Trading Comments
Below is a daily chart of Costco Wholesale Corporation (COST), $156.68. Trade: Consider shorting Aug (8/18) $150/144 bull put spread (18 DTE) for a limit of $.45/share (current mid-point is $.38/share but is extended intra-day and should get price improvement on...
by Dan Gibby | Jul 30, 2017 | Master Trader Advisory Letter Past
After last week’s monster week of earnings was reported, the broader markets ended almost where they started — a non-event? Well almost, not really. The Transportation Index fell sharply on Thursday violating its daily uptrend. And many sectors and stocks fell...
by Dan Gibby | Jul 27, 2017 | Intra-Day Trading Comments
Below is a daily chart of NVIDIA Corporation (NVDA), $161.52. Trade: Consider shorting Aug (8/4) $170/180 bear call spread (8 DTE) at around current mid-point of $.85/share. Technical Setup: Breakdown from rally to Major Resistance. Option Strategy: Bear Call...
by Dan Gibby | Jul 27, 2017 | Intra-Day Trading Comments
Below is a daily chart of Visa Inc. (V), $100.00. Trade: Consider shorting Aug (8/4) $101/103 bear call spread (8 DTE) at current mid-point of $.32/share. Technical Setup: Climactic Sell Setup and Bearish Engulfing bar. Option Strategy: Bear Call Credit Spread...
by Dan Gibby | Jul 26, 2017 | Intra-Day Trading Comments
Below is a daily chart of Anadarko Petroleum Corporation (APC), $45.88. Trade: Consider shorting Aug (8/18) $43/39 bull put spread (23 DTE) at current mid-point of $.33/share. Technical Setup: Breakout daily, and Climactic Buy Setup and Bullish Engulfing weekly....
