by Dan Gibby | Nov 22, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Darden Restaurants, Inc. (DRI). Trade: Provided it does not open over $81, consider shorting Nov (11/24) $82.5/85 bear call spread (23 DTE) for mid-point but limit of $.50/share. Technical Setup: See chart. Option Strategy: Bear Call...
by Dan Gibby | Nov 21, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of iShares Transportation Average ETF (IYT). Trade: Consider shorting Dec (12/15) $167/160 bull put spread (24 DTE) for $.95//share (note: higher risk because less liquidity and wider spreads). Technical Setup: Bullish retest at r200-MA and...
by Dan Gibby | Nov 21, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Apple Inc. (AAPL). Trade: Consider buying Dec (12/1) $165/175 bull call spread for a limit of $6.50/share (which has positive time decay). Technical Setup: Retest on r20-MA daily, bullish weekly and monthly. Option Strategy: Bull Call...
by Greg Capra | Nov 19, 2017 | Master Trader Advisory Letter Past
A nemesis of those that are swing traders — and many of us — are in a market that is indecisive and choppy. That is what is going on for the last couple of weeks. Considering the holiday week coming up, it’s hard to imagine that the broader markets are...
by Dan Gibby | Nov 16, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Lam Research Corporation (LRCX). Trade: Consider shorting Dec (12/15) $195/175 bull put spread (29 DTE) for current mid-point of $1.55/share. Technical Setup: Breakout from bullish consolidation into r20-MA daily, bullish weekly. Option...
by Dan Gibby | Nov 15, 2017 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Please review the informative Video which discusses the technical pattern of all Open Positions, why the strategy selected was determined, and trade management tactics. [s3mv fileName=’letterupdates/Review+of+Letter+Open+Trades+171115.mp4′...
