by Dan Gibby | Aug 23, 2017 | Intra-Day Trading Comments
Below is a daily chart of SPDR S&P Metals and Mining ETF (XME), $31.31. Trade: Consider shorting Sep (9/15) $30 naked puts (23 DTE) for a limit of $.30/share (current mid-point. Technical Setup: Breakout daily after Buy Setup on support weekly chart. Option...
by Dan Gibby | Aug 17, 2017 | Intra-Day Trading Comments
Below is a daily chart of PowerShares QQQ Trust, Series 1 (QQQ), $142.80. Trade: Consider buying Aug (8/23) $145/140 bear put spread (8 DTE) for no more than $1.70/share (currently $2.03/share but is oversold intra-day and want price improvement on a bounce)....
by Dan Gibby | Aug 16, 2017 | Intra-Day Trading Comments
Below is a daily chart of SPDR S&P 500 ETF (SPY), $246.72. Trade: Provided SPY not trading over $247 around 3:45 ET, consider buying Aug (8/23) $249/245 bear put spread (8 DTE) at mid-point (currently $1.81/share). Technical Setup: Sell Setup at Major...
by Dan Gibby | Aug 11, 2017 | Intra-Day Trading Comments
Below is a daily chart of Agnico Eagle Mines Limited (AEM), $46.44. Trade: Consider selling the following $5-wide Iron Condor: sell Sep (9/15) $50/55 bear call spread and sell Sep (9/15) $43/38 bull put spread (35 Days to Expiration (DTE)) for current mid-point of...
by Dan Gibby | Aug 10, 2017 | Intra-Day Trading Comments
Below is a daily chart of ProShares Trust II – ProShares Ultra VIX Short-Term Futures ETF (UVXY), $36.22. Trade: Consider shorting Aug (8/18) $27.5 naked puts (8 DTE) for a limit of $.38/share. Technical Setup: Continued breakout daily/hourly, confirmed by...
by Dan Gibby | Aug 9, 2017 | Intra-Day Trading Comments
Below is a daily chart of iShares Trust – iShares Russell 2000 ETF (IWM), $138.74. Trade: Under $138.59, consider one of two trades: (a) shorting Sep (9/15) $143/145 bear call spread (37 DTE) for $.64/share (BCS), or (b) consider buying Aug (8/18) $142/135...
