by Dan Gibby | Nov 29, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Texas Instruments Incorporated (TXN). Trade: Provided it does not open over $97.60 (hourly resistance), consider shorting Dec (12/15) $100/104 bear call credit spread (16 DTE) for around its closing mid-point of $.45/share or better....
by Dan Gibby | Nov 29, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Alliance Data Systems Corporation (ADS). Trade: Consider shorting Dec (12/15) $220/210 Bull Put Credit Spread (16 DTE) for current mid-point of $.70/share. Technical Setup: +WRB Breakout from Major Support daily and weekly. Option...
by Dan Gibby | Nov 29, 2017 | Master Trader Advisory Letter Past
We have made a number of adjustments today, please see Spreadsheet for recommended changes. QQQ weak so time to sell some strength to preserve outstanding recent profits. Adjustments and Comments on Open and Closed trades in Master Trader’s Market Edge...
by Dan Gibby | Nov 29, 2017 | Master Trader Advisory Letter Past
Below is a daily/weekly chart of Allergan plc (AGN). Trade: Consider shorting Dec (12/15) $170/162.5 Bull Put Credit Spread (16 DTE) for around current mid-point of $.80/share. Technical Setup: Pro Gap Breakout daily from multi-week consolidation daily, CBS weekly....
by Greg Capra | Nov 28, 2017 | Master Trader Advisory Letter Past
The markets caught fire today and moved sharply higher. The best moving sectors were the ones that looked like they could roll over or have underperformed. Based on how much it moved higher from the current price patterns, it looks like some short-covering was part of...
by Dan Gibby | Nov 28, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Advance Auto Parts, Inc. (AAP). Trade: Consider shorting Jan (1/19) $80/70 Bull Put Credit Spread (51 DTE) for a limit of $.75/share (closed at $.67/share but is extended hourly). Technical Setup: +WRB from Bullish Retracement and rounding...
