Master Trader Trade Updates 3/23/17

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...

Master Trader Intra-Day Updates

NEW TRADE SPY – Short Apr 240/245 bear call spread for $.65/share. Adjustments and Comments on Open Advisory Letter Trades BA – Closed both Trade #1 and #2 for a total of $1,280 gain, and was left with a “free” long Apr $210 call since there was no premium left,...

Master Trader Intra-Day Updates

Adjustments and Comments on Open Advisory Letter Trades ROST – Sold 10 Apr $70/75 bear call spread for $550.  Weakening here with market, close at mid-point $.18/share for $370 gain. BA – Closed both Trade #1 and #2 for a total of $1,280 gain, and was left with...