by Dan Gibby | Mar 28, 2017 | Intra-Day Trading Comments
Below is a daily chart of SPDR S&P 500 ETF (SPY), $233.65. Trade: Under $233.14, we recommend buying 10 Apr $235.5 puts (24 DTE) puts (currently $3.06 x 3.08/share). Technical Setup: Retracement after Bearish Wide Range Bar (–WRB) daily breakdown from Double...
by Dan Gibby | Mar 27, 2017 | Intra-Day Trading Comments
Adjustments and Comments on Open Advisory Letter Trades KBH – Purchased 10 Jul $15 calls (136 DTE) and sold the Apr 19 calls for a net debit of $2.95/share. Close half now at $3.70/share for $.75/share gain (25% ROI), and move stop loss to $18.78. CSX –Bought 10 Apr...
by Dan Gibby | Mar 24, 2017 | Intra-Day Trading Comments
Markets are looking lower to us although higher risk entering new trades over weekend with health care bill looming, but wanted to give another bear option selling trade for time decay income. As long as the markets don’t gap over today’s high on Monday,...
by Dan Gibby | Mar 24, 2017 | Intra-Day Trading Comments
Below is a daily/weekly chart of CF Industries Holdings, Inc. (CF), $29.51. Trade: Over $30.00, we recommend selling 10 Apr $28/25 bull put spread (28 DTE) for mid-point (currently $.41/share). Technical Setup: Double Bottom daily on Major Support daily and weekly...
by Dan Gibby | Mar 22, 2017 | Intra-Day Trading Comments
Below is a daily chart of PowerShares QQQ ETF (QQQ), $130.28. Trade: Under the 90-Min. low, we recommend buying 10 Apr $132.5 puts (29 DTE) puts (currently $3.20 x .22/share). Technical Setup: Bearish retracement into –WRB daily chart and bearish M Top on hourly...
