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...
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...
