by Dan Gibby | Oct 9, 2017 | Master Trader Advisory Letter Past
Below is a weekly chart of Pinnacle Foods Inc. (PF). Trade: Provided it does not gap above $57.00, consider shorting stock and selling Oct (10/20) $55 puts (10 DTE) for mid-point but with limit of $56.75/share or better. Technical Setup: Breakdown daily/weekly...
by Dan Gibby | Oct 9, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Dillard’s, Inc. (DDS). Trade: Consider shorting Oct (10/20) $55/60 bear call spread (11 DTE) for current mid-point of $.53//share or better. Technical Setup: Continuation Breakdown daily with weak sector and overbought broader...
by Greg Capra | Oct 8, 2017 | Master Trader Advisory Letter Past
The S&P 500 and the NASDAQ 100 started to outperform the Transportation Index and the Russell 2000 Index last week. The latter two have outperformed the former two indices by about 2 to 1 percentage-wise since their low in August. However, year-to-date they are...
by Dan Gibby | Oct 5, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of iShares Russell 2000 ETF (IWM). Trade: Under $149.39, consider shorting Oct (10/13) $151/53 bear call spread (7 DTE) for mid-point but a minimum of $.40/share (closed at $.50/share). Technical Setup: Climactic Sell Setup and Narrow Range...
by Dan Gibby | Oct 3, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Micron Technology, Inc. (MU). Trade: Under $39.90, consider shorting Oct (10/13) $41.5/44 bear call spread (10 DTE) for mid-point (closed at $.47/share). Technical Setup: Climactic Sell Setup daily. Option Strategy: Bear Call Credit...
by Dan Gibby | Oct 2, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Alarm.Com Holdings, Inc. (ALRM). Trade: Extended intra-day and we will give more guidance on 10/3, but look to buy the stock on any retracement above $46.40. Technical Setup: Bullish Wide Range Breakout daily and weekly, strong monthly....
