by Dan Gibby | Nov 10, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of NRG Energy, Inc. (NRG). Trade: Consider shorting Dec (12/15) $25/22 bull put spread (35 DTE) for a limit of current mid-point of $.25/share. ROI 9.1% if expires worthless. Technical Setup: Bullish consolidation in higher range of +WRB...
by Dan Gibby | Nov 10, 2017 | Master Trader Advisory Letter Past
GLD – Consider selling Nov (11/17) $123 calls for $.41/share to convert long stock to covered call and lower cost basis to $120.96. 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 9, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Wynn Resorts, Limited (WYNN). Trade: Over $154.10, consider (a) shorting Nov (11/24) $147/137 bull put spread (14 DTE) for mid-point but minimum of $.94/share (closed at $1.00/share), or (b) consider buying Dec (12/15) $135 calls (35 DTE)...
by Dan Gibby | Nov 9, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Caterpillar Inc. (CAT). Trade: Consider shorting Nov (11/17) $139/142 bear call spread (8 DTE) for $.35/share. Technical Setup: Gap down from Double Top daily after lower high, Climactic Sell Setup weekly and monthly. Option Strategy: ...
by Dan Gibby | Nov 5, 2017 | Master Trader Advisory Letter Past
Part of my daily and weekly review of the markets includes monitoring which sectors have outperformed and underperformed. The ones that have been the best out-performers or underperformers for the week get the immediate attention. Those are the big movers and where...
by Dan Gibby | Nov 3, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of General Electric Company (GE). Trade: Over $20.07 (hourly -WRB), consider shorting Nov (11/17) $19.5/17.5 bull put spread (14 DTE) for mid-point (currently $.35/share). Income Trade with high 97% Implied Volatility Rank. Technical Setup: ...
