by Dan Gibby | Feb 4, 2018 | Master Trader Advisory Letter Past
My cautionary commentary from last week was well timed. We hope you heeded the warning and did not suffer any significant losses in the drop. The initial gap down was followed by three days of chop and then the big drop. And while the broader markets were ripe for a...
by Dan Gibby | Feb 1, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Caesars Entertainment Corporation (CZR). Trade: Consider buying Mar (3/16) $13/15 bull call debit spread (43 DTE) at the current mid-point of $1.15/share (which is giving $.15/share positive time decay). Technical Setup: Breakout...
by Dan Gibby | Feb 1, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Facebook, Inc. (FB). Trade: Consider shorting Feb (2/16) $185/175 bull put credit spread (15 DTE) for around $.85/share (currently $.70/share, but extended and want price improvement). Technical Setup: +WRB Breakout daily/weekly,...
by Dan Gibby | Jan 31, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Tiffany & Co. (TIF). Trade: Under $106.28, consider shorting Feb (2/16) $110/115 bear call credit spread (16 DTE) for mid-point (closed at $.66/share). Technical Setup: -WRB Breakdown from rounding top daily. Option Strategy: ...
by Dan Gibby | Jan 30, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Wynn Resorts, Limited (WYNN). Trade: Consider shorting Feb (2/16) $140/125 bull put credit spread (18 DTE) for around current mid-point of $.70/share. Technical Setup: Climactic Buy Setup on Major Support daily and morning gap...
by Dan Gibby | Jan 30, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of SPDR S&P 500 ETF (SPY). Trade: Consider shorting Feb (2/16) $288/293 bear call credit spread (18 DTE) for a limit of $.95/share (current mid-point is $.80/share but on hourly support so we want price improvement on a bounce). Technical...
