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...
by Dan Gibby | Mar 22, 2017 | Intra-Day Trading Comments
Below is a daily chart of Abbott Laboratories (ABT), $44.74. Trade: Under $44.59, we recommend buying 10 Apr $66.5 puts (30 DTE) for mid-point (currently $2.21 x 2.25/share, paying no more than $.24/share time value). Note: earning 4/18. Technical Setup: ...
by Dan Gibby | Mar 21, 2017 | Intra-Day Trading Comments
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,...
by Dan Gibby | Mar 20, 2017 | Intra-Day Trading Comments
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...
