by Dan Gibby | Mar 31, 2017 | Intra-Day Trading Comments
We still believe the markets are poised to head lower despite the bulls being relentless and the charts not cracking yet. Perhaps this will happen next week after today which is the end of the quarter (maybe money managers don’t want to sell yet for window...
by Dan Gibby | Mar 30, 2017 | Intra-Day Trading Comments
Below is daily/weekly chart of Altria Group, Inc. (MO), $72.41. Trade: Under the day’s low, we recommend buying 10 Apr $73/71.5 bear put spread (22 DTE) at mid-point (currently $.65/share). Technical Setup: Breakdown from consolidation after Bear Gap from Double...
by Dan Gibby | Mar 30, 2017 | Intra-Day Trading Comments
Adjustments and Comments on Open Advisory Letter Trades (Note: We are only reporting current adjustments). APA – We recommend selling 10 Apr $49 naked puts at a limit of around $.40/share (trading $.31 now but extended and was $.53 this morning, so looking for...
by Dan Gibby | Mar 30, 2017 | Intra-Day Trading Comments
Below is a daily/weekly chart of Freeport-McMoRan Inc. (FCX), $13.19. Trade: We recommend selling 10 Apr $12 naked puts ((22 Days to Expiration (DTE)) at a limit of $.15/share (trading at $.12 x .15). Technical Setup: Gap Reversal (bearish gap under Major...
by Dan Gibby | Mar 29, 2017 | Intra-Day Trading Comments
Below is a daily chart of Apache Corporation (APA), $52.25. Trade: We recommend selling 10 Apr $49 naked puts ((23 Days to Expiration (DTE)) at a limit of around $.40/share (trading $.31 now but extended intra-day and was $.53 this morning, so looking for price...
