by Dan Gibby | Dec 29, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Energous Corporation (WATT). Trade: Consider shorting Jan (1/19) $35/40 bear call credit spread (21 DTE) for a limit of $.65/share (currently $.50/share but extended intra-day and want price improvement). Technical Setup: Breakdown hourly...
by Dan Gibby | Dec 29, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Red Hat, Inc. (RHT). Trade: Under $120.30, consider buying Jan (1/19) $126/116 bear put debit spread (21 DTE) for mid-point. Technical Setup: Breakdown from bearish consolidation in bottom range of -WRB/Bear Gap bar daily, breakdown...
by Dan Gibby | Dec 28, 2017 | Master Trader Advisory Letter Past
CMG – Consider shorting $260/250 Bull Put Credit Spread and $330/340 Bear Call Credit Spread (22 DTE) for $.90/share. Stops: $330/265. Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby...
by Dan Gibby | Dec 27, 2017 | Master Trader Advisory Letter Past
Below is a weekly chart of Potash Corporation of Saskatchewan Inc. (POT). Trade: Consider buying stock around current prices of $20.55 (note: because daily extended, look to add on any pull backs). Trade #2: Consider shorting Jan (1/19) $20 naked puts (23...
by Dan Gibby | Dec 27, 2017 | Master Trader Advisory Letter Past
Below is a weekly chart of VanEck Vectors Oil Services ETF (OIH). Trade: Consider shorting Jan (1/19) $25.5 naked puts (23 DTE) for current bid of $.36/share (or better since extended daily). Technical Setup: Breakout daily/weekly/monthly. Option Strategy: ...
by Dan Gibby | Dec 26, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Fastenal Company (FAST). Trade: Over $54.53, consider buying stock. Technical Setup: Bullish consolidation above r20-MA daily after all-time highs, bullish weekly and monthly. Stop Loss: $52.38. Note: earnings 1/18/18. ...
