by Greg Capra | Apr 17, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Hello Traders, The markets moved up and were able to hold on to the morning gain into the close. While that is bullish, IBM reported after the close and it down almost 10-points at this time. That is going to put some downward pressure on the market, but we’ll...
by Greg Capra | Apr 15, 2018 | Master Trader Advisory Letter Past
There have been some wide up and down swings over the last three weeks and after that, the broader markets and most sectors are about where they were three weeks ago. The market internals that had reached being at a bearish extreme, which is bullish — combined...
by Dan Gibby | Apr 12, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
4/12: BA – Consider shorting Apr (4/20) $320/310 bull put credit spread (8 DTE) for around current mid-point of $.78/share. Breakout from bullish consolidation after breakdown failure 4/4. Stop Loss: $322.04.
by Dan Gibby | Apr 12, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
4/12: AAPL – Consider shorting Apr (4/20) $170/165 bull put credit spread (8 DTE) for around current mid-point of $.49/share. Breakout from bullish 4-day consolidation in upper 50% of +WRB engulfing (negating 4/4 bear gap) at Major Support and above r200-MA. ...
by Dan Gibby | Apr 12, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
4/12: WYNN – Consider shorting Apr (4/20) $177.5/167.5 bull put credit spread for around current mid-point of $.78/share. Bullish +WRB Breakout from multi-week consolidation above 50-MA daily. Stop: $180.20.
by Dan Gibby | Apr 12, 2018 | Master Trader Advisory Letter Past
4/12; VXX – Under 30-Min. low, consider shorting May (5/4) $60/70 bear call credit spread (22 DTE) for a limit of $.56/share (closed at $.62/share). Anticipated Breakdown from bearish consolidation at Resistance (and moves opposite SPY, which is bottoming and...
