by Dan Gibby | Jul 24, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
NEW TRADE IDEA: 7/24: XLK – Consider shorting Aug (8/3) $73 Puts (10 DTE) for $.40/share. Gap breakout to all-time highs. Stop: None, will roll if necessary because of bullish multiple time frames.
by Dan Gibby | Jul 24, 2018 | Past Weekly Options Letters
Yesterday was extremely choppy so we remained cautious, waiting more data. Earnings season (and the neutral internals) can do that. The markets closed strong yesterday and look poised to resume their strength with today’s pre-market bullish gaps from earnings....
by Dan Gibby | Jul 22, 2018 | Past Weekly Options Letters
We had an active week, closing out 11 of our short-term option income trades, 10 of 11 at nice profits (91% success rate), with one minor loss on VMW. Also, if you have never checked out the Master Trader Advisory Letter, it also had an active week, closing out 10...
by Dan Gibby | Jul 20, 2018 | Past Weekly Options Letters
7/20: NVDA – Consider shorting Jul (7/27) $242.5/232.5 Bull Put Credit Spread (7 DTE) for around current mid-point of $.64/share. Bullish consolidation in top range of +WRB engulfing after bear gap down. Stop $244.88.
by Dan Gibby | Jul 20, 2018 | Past Weekly Options Letters
7/20: QQQ – Consider shorting Jul (7/27) $177/172 Bull Put Credit Spread (7 DTE) for current mid-point of $.48/share. Bullish consolidation in top range of +WRB Engulfing bar. Stop Loss tighter of $177.18.
by Dan Gibby | Jul 19, 2018 | Past Weekly Options Letters
7/19: SQ – Consider shorting July (7/20) $69 puts (1 DTE) for $.21/share. Bullish breakout daily, relative strength, income trade with $1.65/share cushion. Stop, none, will roll if needed.
