by Dan Gibby | Nov 28, 2017 | Master Trader Advisory Letter Past
WFC – Since turned more bullish, sell Dec (12/15) $53.5/50.5 bull put spread for $.38/share to convert to iron condor. Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby...
by Dan Gibby | Nov 28, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Johnson & Johnson (JNJ). Trade: Consider shorting Dec (12/15) $137/130 Bull Put Credit Spread (17 DTE) for current mid-point of $.57/share. Technical Setup: Retracement to r50-MA and Minor Support (mS) daily, and Master Trader Buy...
by Dan Gibby | Nov 28, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Wells Fargo & Company (WFC). Trade: Under $53.86, consider shorting Dec (12/15) $55/57 bear call spread (17 DTE) for a limit of $.33/share (closed at $.37/share). Technical Setup: Bearish consolidation after -WRB Breakdown, and...
by Dan Gibby | Nov 27, 2017 | Master Trader Advisory Letter Past
Below is a daily/weekly chart of Xunlei Limited (XNET). Trade: Consider shorting Jan (1/19) $35/40 bear call spread (53 DTE) for a limit of current mid-point of $.70/share. Technical Setup: Climactic Sell Setup, Topping Tail, and small Bearish Island Reversal...
by Dan Gibby | Nov 26, 2017 | Master Trader Advisory Letter Past
The broader markets moved up last week as they historically do into the Thanksgiving Holiday. We hope that everyone had a wonderful Thanksgiving! What has been strong — technology and Internet — continue to be. Sectors that have been beaten down, like...
by Dan Gibby | Nov 24, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Snap Inc. (SNAP). Trade: Consider shorting Dec (12/15) $12 naked puts (21 DTE) for $.27/share. Technical Setup: Bullish W Formation after selloff on daily, support area weekly. Option Strategy: Bull Put Credit Spread (BPS). Stop Loss: ...
