by Dan Gibby | May 22, 2018 | Master Trader Advisory Letter Past
5/21: TWTR – Over $33.77 (hourly pivot), consider shorting June (6/15) $31/28 bull put credit spread (24 DTE) for a limit of $.35/share ( (closed at $.37/share). Gap and bullish close from consolidation above 20/50-MA. Stop Loss: $31.02. 5/22: NFLX...
by Dan Gibby | May 21, 2018 | Master Trader Advisory Letter Past
5/21: GE – Consider shorting Jul (7/20) $15/12 bull put credit spread for $.43/share (60 DTE). Gap Breakout daily/weekly, Climactic Buy Setup monthly. No Stop Loss since we would not mind owning stock as core trade with improved cost basis.
by Dan Gibby | May 20, 2018 | Master Trader Advisory Letter Past
Last week’s range in the broader markets was the narrowest for the year. The last three trading days of last week barely moved. The closing change over those three days in the S&P 500 was only a point and ½ and the Dow moved just over eight points. Contractions in...
by Dan Gibby | May 17, 2018 | Master Trader Advisory Letter Past
5/17: ZBRA – Over $156.81, consider shorting Jun (6/15) $150/140 bull put credit spread for mid-point but limit of $1.45/share (currently $1.60/share) (29 DTE). Bullish consolidation after Pro Gap, bullish weekly/monthly. Stop: $144.98 to start....
by Dan Gibby | May 16, 2018 | Master Trader Advisory Letter Past
Below is a weekly chart of NIKE, Inc. (NKE). Trade: Consider buying Jul (7/20) $62.5 calls (or long stock is fine if not option trader) for closing price of $9.40/share or better since extended (65 DTE). Technical Setup: Breakout to new highs following...
by Dan Gibby | May 13, 2018 | Master Trader Advisory Letter Past
In last Monday’s letter, I said, “As difficult as it is to believe that this market is going to make a decisive move in a direction, the price action last week is telling us that the markets are going higher. There is no market environment more difficult than this...
