by Dan Gibby | Jan 21, 2018 | Master Trader Advisory Letter Past
The “Measured Move” scenario I wrote about in last week’s letter on Monday played out almost exactly to the numbers. What now? Well, the internals still have not given us a sell signal but that doesn’t mean that prices won’t pull back. I cannot say that...
by Dan Gibby | Jan 19, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Papa John’s International, Inc. (PZZA). Trade: Consider shorting Feb (2/16) $52.5 naked puts (28 DTE) for $.75/share (currently $.70 x .85/share). Technical Setup: +WRB engulfing/Breakout bar from multi-month consolidation...
by Dan Gibby | Jan 18, 2018 | Master Trader Advisory Letter Past
1/8: WMT – Bought stock and shorting Feb (2/16) $105 calls for $95.56/share. Note: Earnings 2/19/18. 1/16: Move stop $100.44. 1/18: With stock gapping up over $2 pre-market, close 1/3 lot of the covered call for nice profits. We will monitor to see if/when...
by Dan Gibby | Jan 17, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of The Goldman Sachs Group, Inc. (GS). Trade: Consider shorting Jan (1/26) $262.5/270 bear call credit spread (10 DTE) for around current mid-point of $.75/share (extended intra-day so should get price improvement). Technical Setup: Bearish...
by Dan Gibby | Jan 15, 2018 | Master Trader Advisory Letter Past
Well, the first correction of 2018 is now behind us. Oh, you didn’t see it, you must have blinked! I’m joking of course, but based on Tuesday’s Topping Tail (TT) after multiple days higher, it didn’t look like there would be more than an intra-day dip. By the end of...
by Dan Gibby | Jan 12, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Papa John’s International, Inc. (PZZA). Trade: Consider shorting Feb (2/16) $55/50 Bull Put Credit Spread (35 DTE) for current mid-point of $.65/share. Technical Setup: Breakout from multi-month bottoming pattern daily,...
