by Dan Gibby | Mar 1, 2017 | Intra-Day Trading Comments
Below is a daily chart of iShares Transportation Average (IYT), $173.04. Trade: We recommend selling 10 Apr $162/159 bull put spread (51 DTE) for $500 (current mid-point, although this does not guarantee a fill since spready). Technical Setup: Breakout daily and...
by Dan Gibby | Feb 28, 2017 | Intra-Day Trading Comments
Below is a daily chart of United Continental Holdings, Inc. (UAL), $74.25. Trade: We recommend selling 10 Mar $78.5/81.5 bear call spread (17 DTE) for $.40/share . Technical Setup: Reversal at Major Resistance on daily and weekly charts. Option Strategy: Bear...
by Dan Gibby | Feb 27, 2017 | Intra-Day Trading Comments
Below is a daily chart of RH (RH), $32.24. Trade: We recommend selling 10 Apr $25/20 bull put spread (53 DTE) for $400 or better (current mid-point). Technical Setup: Pro Gap Breakout last Friday and bottoming weekly chart. Option Strategy: Bull Put Credit...
by Dan Gibby | Feb 21, 2017 | Intra-Day Trading Comments
Below is a daily chart of United Continental Holdings, Inc. (UAL), $74.71. . Trade: We recommend selling 10 Mar 78/82 bear call spread (24 DTE) at around current mid-price of $750 or better since extended intra-day. Strategy: Reversal bar at Major Resistance on...
by Dan Gibby | Feb 16, 2017 | Intra-Day Trading Comments
Adjustments and Comments on Open Trades SALT – Sold 10 Jun $5 puts for a net credit of $500. Move stop loss at $5.88. Quote now is $.25 x .50 so place GTC limit to close at $.25/share for 50% max profit. CPLP – Purchased stock $3.63. Trail stopped out at...
by Dan Gibby | Feb 15, 2017 | Intra-Day Trading Comments
Adjustments and Comments on Open Trades Note: The trades closed today bring us to 17 straight wins! SALT – Sold 10 Jun $5 puts for a net credit of $500. Move stop loss at $5.88. Quote now is $.25 x .50 so place GTC limit to close at $.25/share for 50% max profit....
