by Dan Gibby | Jun 5, 2018 | Master Trader Advisory Letter Past
6/5: DBX – Shorting Jun (6/29) $29/27 bull put credit spread for $.34/share (24 DTE). +WRB Breakout from consolidation on major support. Stop $29.04.
by Dan Gibby | Jun 5, 2018 | Master Trader Advisory Letter Past
6/5: DVN – Consider shorting Jul (7/20) $43/47 bear call credit spread for current mid-point of $.46/share (45 DTE). Bearish breakdown from bearish M Formation daily, bearish engulfing at major resistance weekly, weak sector. Stop: $42.32.
by Dan Gibby | Jun 5, 2018 | Master Trader Advisory Letter Past
6/5: RCL – Under $102.10, consider shorting Jul (7/20) $110/115 bear call credit spread (45 DTE) for mid-point (currently $.67/share). Bearish gap breakdown under d20/50-MA daily, bearish weekly. Stop: $109.79.
by Dan Gibby | Jun 5, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Alert given in the weekend Weekly Options Trader 6/4: BA – Over $358.92, consider selling Jun (6/8) $350/340 bull put credit spread (5 DTE) for mid-point but limit of $.90/share (closed at $1.09/share). Bullish consolidation after Gap Breakout above r20-MA...
by Dan Gibby | Jun 3, 2018 | Master Trader Advisory Letter Past
In last Monday’s commentary I said, “Historically, these types of patterns resolve themselves by moving higher. And while there were improvements last week to suggest that it may happen this week, that move may not be as broad based as the one that started the move....
by Dan Gibby | Jun 1, 2018 | Master Trader Advisory Letter Past
6/1: SPOT – Selling Jun (6/15) $149/140 bull put credit spread around $.65/share. Breakout daily/hourly with Major Support at $150. Stop: $148.78.
