by Dan Gibby | Apr 9, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
4/9: VXX – With SPY gap up and VXX gap down to $49 area, under 30-Min. low of VXX, consider shorting Apr (4/13) $55/65 bear call credit spread (5 DTE) for mid-point but limit of $.50/share (closed at $.56/share). Income trade with high IVR (SPY 95% Implied...
by Greg Capra | Apr 8, 2018 | Master Trader Advisory Letter Past
In last Monday’s letter I said, “I’m not looking forward to getting back in the ring with Mr. Schizophrenia this week. However, a move above last week’s high will be viewed as bullish, and a move below the week before last’s low will be viewed as bearish.” What...
by Dan Gibby | Apr 5, 2018 | Master Trader Advisory Letter Past, MasterTrader Audio Lessons, Past Weekly Options Letters
Watch this bonus video lesson to see why we sold 1-day OTM calls on SPY and QQQ directional trades to reduce cost basis with high implied volatility! ...
by Dan Gibby | Apr 5, 2018 | Master Trader Advisory Letter Past
4/5: LFIN – Consider shorting Apr (4/20) $5 naked puts for $.40/share (currently $.40 x .45). Selloff to Major Support all time frames, high volatility income trade. NOTE: don’t know when earnings are, research yourself. Cost basis if assigned is $4.60/share. ...
by Dan Gibby | Apr 5, 2018 | Master Trader Advisory Letter Past
4/5: HAL – Consider buying half lot stock around $47.50 area. Possible breakout from multi-month consolidation on daily/weekly with price void above. Stop: $45.19.
by Dan Gibby | Apr 5, 2018 | Master Trader Advisory Letter Past
4/4: Bought QQQ $158.70. Bullish Gap Engulfing at Major Support and r200-MA. 4/5: Sell $163 calls for $.45/share (expires tomorrow) to convert to covered call and reduce basis to $158.25/share, move Stop $156.62. 4/4: SPY – Bought at $262.45. Bullish Gap...
