by Dan Gibby | May 1, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
NEW TRADE IDEA: 4/17; OXY – Shorting May (5/11) $78.5/81 bear call credit spread for current mid-point of $.37/share (10 DTE). Climactic Sell Setup, Topping Tail, Major Resistance, and breakdown hourly. Stop $78.12.
by Dan Gibby | Apr 29, 2018 | Master Trader Advisory Letter Past
In last Monday’s letter, I said, “Topping Tail candles tell us that sellers took control and suggests continued selling and lower prices. While that may be what happens, the fact that the recent support that has been created is not that far away. While any day or...
by Dan Gibby | Apr 27, 2018 | Master Trader Advisory Letter Past
Below is a weekly chart of Macy’s, Inc. (M). Trade: Over $31.90, consider buying May (5/11) $29.5/33.5 bull call debit spread (14 DTE) for a limit of $2.32/share, which will give positive time decay (closed at $2.22/share). Technical Setup: Bullish...
by Dan Gibby | Apr 26, 2018 | Master Trader Advisory Letter Past
4/26: AEP – Consider shorting May (5/18) $67.5/65 bull put credit spread for $.35/share (18 DTE). Reverse Head and Shoulders Breakout from consolidation at r20-MA, bullish weekly/monthly. Stop $68.08.
by Dan Gibby | Apr 26, 2018 | Master Trader Advisory Letter Past
4/26: HD – Consider shorting May (5/11) $172.5/167.5 bull put credit spread for $.44/share (15 DTE). Breakout from Major Support at r200-MA, bullish weekly/monthly. Stop $174.48.
by Dan Gibby | Apr 25, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
4/25: SPY – Consider shorting Apr (4/25) $265/260 bull put credit spread for around current mid-point of $.45/share (2 DTE). Five-day pullback to support and r200-MA daily, stabilized and breaking out intra-day 15-Min. chart after new low. Stop Loss:...
