by Dan Gibby | Apr 6, 2017 | Intra-Day Trading Comments
Below is daily/weekly chart of Advanced Micro Devices, Inc. (AMD), $13.09. Trade: We recommend selling 10 May $16/18 bear call spread ((43 Days to Expiration (DTE)) at current mid-point of $.23/share. Note: Don’t have earnings date. Technical Setup: Bearish...
by Dan Gibby | Apr 4, 2017 | Intra-Day Trading Comments
Below is a daily/weekly chart of Office Depot, Inc. (ODP), $4.93. Trade: We recommend buying 1000 shares of stock at a limit of $4.85/share, which is bullish intra-day retracement. Note: Earnings are 4/25 so higher risk holding through it. Technical Setup: ...
by Dan Gibby | Apr 4, 2017 | Intra-Day Trading Comments
Below is daily/weekly chart of NVIDIA Corporation (NVDA), $104.08. Trade: We recommend selling 10 Apr $111/117 bear call spread ((17 Days to Expiration (DTE)) at around current mid-point (currently $.53/share). Technical Setup: Bearish gap under consolidation...
by Dan Gibby | Apr 3, 2017 | Intra-Day Trading Comments
Adjustments and Comments on Open Advisory Letter Trades (Note: We are only reporting current adjustments). MO – Bought 10 Apr $73/71.5 bear put spread for $.70/share. Sold half at $1.10/share (($1.50-.70)/2) (50% Max Gain per Trading Rules). Try to sell back...
by Dan Gibby | Mar 31, 2017 | Intra-Day Trading Comments
Below is monthly chart of The Boeing Company (BA), $177.17. Trade: Under $177.09, we recommend selling 10 Apr $182.5/187.5 bear call spread ((21 Days to Expiration (DTE)) at mid-point (currently $.55/share). Technical Setup: Climactic Sell Setup (CSS) and Bearish...
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...
