by Dan Gibby | May 6, 2018 | Master Trader Advisory Letter Past
If you have been to Disney World, you are familiar with the attraction there called “Mr. Toads Wild Ride.” Mr. Schizophrenic did not disappoint last week and sent the markets on its “wild ride.” The plunge lower toward Major Support (MS), reversal higher...
by Dan Gibby | May 4, 2018 | Master Trader Advisory Letter Past
5/4: RGR – Consider shorting Jun (6/15) $47.5/40 bull put credit spread for current mid-point of $.40/share (42 DTE). Bullish breakout daily and weekly with price void above. Note: earnings 5/8 but we intend on holding though because far OTM strikes and bullish...
by Dan Gibby | May 4, 2018 | Master Trader Advisory Letter Past
5/4: INTU – Consider shorting half lot of May (5/18) $185/175 bull put credit spread for around current mid-point of $1.25/share (add into the close as long as above $188). Bullish breakout from consolidation to all-time highs on daily, bullish weekly/monthly,...
by Greg Capra | May 3, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Hello Traders, What a mess! Not that it hasn’t not been expected, it has. In Monday’s Advisory Letter I wrote “While any day or day-to-day move may seem meaningful, the bigger picture continues to suggest that the upside or downside is...
by Dan Gibby | May 2, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
5/2: CAT – Consider shorting May (5/11) $141/136 bull put credit spread for around current mid-point of $.55/share (9 DTE). Bullish 2 BT retest on daily and r200-MA daily, Major Support weekly, bullish monthly. Stop Loss: $140.29.
by Dan Gibby | May 2, 2018 | Master Trader Advisory Letter Past
5/2: FTR – Consider shorting May (5/18) $9/7 bull put credit spread for current mid-point of $.30/share. Bullish gap and +WRB Breakout daily, bullish multi-year consolidation weekly. Stop Loss: $8.09.
