by Dan Gibby | Dec 10, 2017 | Master Trader Advisory Letter Past
The broader markets didn’t move much last week, but that was expected (see last Monday’s letter) after the prior week having a relatively wider range than in past weeks. Historically, a Wide Range Bar (WRB) is followed by narrow range bars or narrow range bodies....
by Dan Gibby | Dec 8, 2017 | Master Trader Advisory Letter Past
Below is a monthly chart of Vulcan Materials Company (VMC). Trade: Over $127.62, consider shorting Jan (1/19) $115/105 Bull Put Credit Spread (42 DTE) for current midpoint but with limit of $.50/share (currently $.65/share). Technical Setup: Breakout after bullish...
by Dan Gibby | Dec 7, 2017 | Master Trader Advisory Letter Past
Below is a weekly chart of Targa Resources Corp. (TRGP). Trade: Over $45.20, consider buying stock and shorting Jan (1/19) $47 calls (42 DTE) for a limit of $44.15/share (gaining at least the closing mid-point of the call of $.95/share). Technical Setup: Breakout...
by Dan Gibby | Dec 6, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of United States Steel Corporation (X). Trade: Consider shorting Jan (1/19) $28/25 Bull Put Credit Spread (44 DTE) for a limit of current midpoint of $.40/share. Technical Setup: Breakout daily/weekly/monthly. Option Strategy: Bull Put...
by Dan Gibby | Dec 6, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of CME Group Inc. (CME). Trade: Consider shorting Jan (1/11) $140/135 Bull Put Credit Spread (44 DTE) for limit of $1.00/share (current mid-point is $.85/share but spready and extended daily and should get retracement for price improvement)....
by Dan Gibby | Dec 4, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Red Hat, Inc. (RHT). Trade: Consider shorting Dec (12/15) $127/131 bear call credit spread (11 DTE) for mid-point but limit of $.70/share (see video discussion on trade rationale and anticipated bounce to low $123s). [s3mv...
