by Dan Gibby | Feb 7, 2017 | Intra-Day Trading Comments
Intra-Day Market Update Monday turned out to be the consolidation day and what was expected in yesterday’s letter. The Dow Jones made a new all-time high today and so did the NASDAQ 100. However the S&P and the Russell 2000 are lagging. The Transportation Index is...
by Dan Gibby | Feb 3, 2017 | Intra-Day Trading Comments
Adjustments and Comments on Open Trades SALT – Sold 10 Jun $5 puts for a net credit of $500. Maintain stop loss at $5.48. Because spreads widened, place GTC limit to close at $.10/share for 80% max profit. HD – Purchased 10 Feb $137 calls for $6.90/share. Sold the...
by Dan Gibby | Feb 1, 2017 | Intra-Day Trading Comments
Below is a daily chart of VanEck Vectors Junior Gold Miners ETF (GDXJ), $37.39. Trade: We recommend selling 10 Feb 40/45 bear call spread (16 DTE) for a net credit of $500 (current mid-point). Strategy: Selling premium with high volatility in sideways...
by Dan Gibby | Jan 31, 2017 | Intra-Day Trading Comments
Below is a weekly chart of First Majestic Silver Corp. (AG), $9.43. Trade: Over $9.65, we recommend buying 10 April 7 calls (80 DTE) for and selling the Feb 10 calls at the mid-point (currently $2.95/share). This trade is called a bullish diagonal. The intent is...
by Dan Gibby | Jan 27, 2017 | Intra-Day Trading Comments
New Bear Call Spread Trade in COST Below is a daily chart of Costco Wholesale Corporation (COST), $161.16. Trade: We recommend selling 10 Mar 167.5/172.5 bear call spread (21 DTE) for a net credit of $400. Strategy: Bearish Wide Range Bar (-WRB) breakdown from...
by Dan Gibby | Jan 26, 2017 | Intra-Day Trading Comments
New Put Selling Candidates Below is a daily chart of GoPro Inc. (GPRO), $9.98. Trade: We recommend selling 10 Mar 9/7 bull put spread (50 DTE) for a net credit of $550. Note: Higher risk with 2/2 earnings, which could be make-or-break for this oversold...
