by Dan Gibby | Jul 26, 2017 | Intra-Day Trading Comments
Below is a daily chart of United Technologies Corporation (UTX), $120.05. Trade: Under $119.95 consider buying Aug (8/18) $124/116 bear put spread (23 DTE) at mid-point (currently $4.21/share so should not be much greater than that). Technical Setup: Bearish...
by Dan Gibby | Jul 24, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Veeva Systems Inc. (VEEV), $65.79. Trade: Over $66.10, consider buying Aug (8/18) $55/70 bull call spread (24 DTE) for mid-point, but with a limit of $10.15/share since spreads might open near market open if triggers (closed at...
by Dan Gibby | Jul 23, 2017 | Master Trader Advisory Letter Past
We are headed into a monster week of news, Master Traders. There are roughly 2,400 companies reporting earnings this week! There is also the typical economic event reports – and, on Wednesday, the FOMC Rate Decision at 2 PM Eastern. And there’s always the...
by Dan Gibby | Jul 21, 2017 | Uncategorized
Below is a daily/weekly chart of McDonald’s Corporation (MCD), $153.56. Trade: Consider selling the following $5 wide Iron Condor: sell Jul (7/28) $157.5/162.5 bear call spread and sell Jul (7/28) $148/143 bull put spread (7 Days to Expiration (DTE)) for...
by Dan Gibby | Jul 21, 2017 | Intra-Day Trading Comments
Below is a daily/weekly chart of Union Pacific Corporation (UNP), $105.34. Trade: Under $104.87, consider shorting Aug (8/18) $110/115 bear call spread (28 DTE) for a limit of $.45/share (currently $.49/share). Technical Setup: Breakdown daily/weekly with Major...
