by Dan Gibby | Apr 4, 2018 | Master Trader Advisory Letter Past
4/4: SPY – Consider buying around current levels of $262.45. Bullish Gap Engulfing at Major Support and r200-MA. Stop $256.59. Will leg into covered call later. Buy QQQ also $158.70 is okay, stop low.
by Dan Gibby | Apr 4, 2018 | Master Trader Advisory Letter Past
4/4: MU – Consider shorting Apr (4/13) $48.5 naked puts for current bid of $.42/share (9 DTE). Bullish engulfing, negating bear gap, on r20-MA and Minor Support daily, bullish weekly with Bottoming Tail. Stop: $49.18.
by Dan Gibby | Apr 4, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters, Ultimate Guide to Trading Volatility ETFs and Options Class
With the recent selloff – and now with today’s bearish gap down — the elevated volatility levels in the market (Implied Volatility Rank of the VIX (Volatility Index) is at yearly highs) favors shorting overpriced options (with the charts as always) and/or trades...
by Greg Capra | Apr 3, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Hello Traders, Below is a video update on the Breakdown Bar Failure (BDF) mentioned last night , which has formed on day two. As tomorrow’s trading activity unfolds, we will have more information to get more aggressive on the long side — if it sets up. So...
by Dan Gibby | Apr 3, 2018 | Master Trader Advisory Letter Past
4/3: AAPL – Over $168.54, consider shorting Apr (4/13) 162.5/152.5 bull put credit spread (10 DTE) for mid-point (currently $1.06/share). Major Support and r200-MA. Stop $164.46.
by Greg Capra | Apr 2, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Today was another ugly down day and overall the patterns are just that: ugly. However, they are always ugly before a turn. Based on the price patterns, there is little to nothing to suggest a turn, but I have seen this type of break fail many times. I’ll explain...
