by Dan Gibby | Jul 16, 2018 | Master Trader Advisory Letter Past
7/16: WLL – Consider shorting Jul (7/27) $55/59.5 bear call credit spread (12 DTE) for $.33/share. Gap breakdown daily with weak sector. Stop $55.02.
by Dan Gibby | Jul 15, 2018 | Master Trader Advisory Letter Past
In last Monday’s commentary, I said, “It would not be a surprise to see the Russell 2000 — which has been leading the way higher this year — make new all-time highs this week. The theme there has been that the stocks in that index are less susceptible to...
by Dan Gibby | Jul 12, 2018 | Master Trader Advisory Letter Past
7/12: QQQ – Consider buying the ETF and shorting Jul (7/13) $179.5 call (1 DTE) for $178.50/share. Bullish breakout daily and weekly to all-time highs. If expires ITM will roll short call to $180.50 next week. Stop Loss: $175.78. 7/12: PYPL– Consider buying...
by Dan Gibby | Jul 12, 2018 | Master Trader Advisory Letter Past
We didn’t make any new trade recommendations yesterday because of the mixed/weak markets; however, we built a nice watch list, waiting further information (see yesterday’s Chart of the Week). Today all major market index ETFs have bullish gaps but DIA,...
by Dan Gibby | Jul 10, 2018 | Master Trader Advisory Letter Past
NEW TRADE IDEA: 7/10: DIS – Over $106.07, consider shorting Jul (7/27) $103/100 bull put credit spread for around closing mid-point of $.47/share (17 DTE). Breakout from bullish consolidation on r200-MA daily, Master Trader Buy Setup weekly. Stop Loss: $103.38....
by Dan Gibby | Jul 9, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Once we are in a trade, we are in trade management mode. When selling options/spreads, the Max Gain is the premium received. So how do you know how much profit to book while the stock is performing as intended? Here are some general guidelines that we teach in...
