by Dan Gibby | Dec 9, 2018 | Past Weekly Options Letters
The current market environment has been one of the least “reasonable” I can remember. While Friday’s open was a bit choppy, it did not suggest the rout that was about to unfold. If you’re new to the markets, if it’s any comfort to you, this is not normal in any way....
by Dan Gibby | Dec 2, 2018 | Past Weekly Options Letters
Below is a daily chart of Texas Instruments Incorporated (TXN). Trade: Over $99.89, consider shorting Dec (12/7) $96.5/91 bull put credit spread (5 DTE) for mid-point but limit of $.51/share (closed at $.61/share). Technical Setup: Breakout from...
by Dan Gibby | Nov 29, 2018 | Past Weekly Options Letters
Below is a video review of new trades made in the Weekly Options Trader: [s3mv fileName=’Dan+-+Letter+Videos/Weekly+Options+Post+Market+Trade+Review+181128.mp4′ fileType=’video’ source=’s3′ width=’800′...
by Dan Gibby | Nov 29, 2018 | Past Weekly Options Letters
The markets had a robust rally beginning at noon ET yesterday upon the remarks of Fed Chairman Powell relative to the economy and interest rates. This increases the strength of the support and retest below, although we still have conflicting time frames and much...
by Dan Gibby | Nov 27, 2018 | Past Weekly Options Letters
Here’s our post-market review of yesterday’s SPY short put and why we closed UAL put spread today for a small gain. [s3mv fileName=’Dan+-+Letter+Videos/Master+Trader+Weekly+Options+Trader+New+Trade+Review+181127.mp4′...
by Dan Gibby | Nov 25, 2018 | Past Weekly Options Letters
The majority of monthly trends are either up or sideways and the Yield Curve is still well above the bearish inversion point which would signal a recession and subsequent bear market. For that reason, we still have a long-term bullish bias. With the majority of weekly...
