by Dan Gibby | Jul 19, 2018 | Past Weekly Options Letters
7/19: IWM – Over $168.06, consider shorting Jul (7/27) $166/161 Bull Put Credit Spread (8 DTE) for mid-point (currently $.48/share). Breakout form bullish consolidation on the 20-MA on daily. Stop $165.95.
by Dan Gibby | Jul 18, 2018 | Past Weekly Options Letters
7/18: FDX – Consider shorting Jul (7/20) $230/225 Bull Put Credit Spread (2 DTE) for around current mid-point of $.48/share. Bullish consolidation daily and breakout hourly, short-term income trade. Stop: $229.88.
by Greg Capra | Jul 17, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Hello Master Traders, The broader markets gapped lower today along with the large gap lower in Netflix (NFLX). That gap lower set the low of the day in the broader markets, the majority of sectors, and Netflix. After the wrong-way options traders loaded up on puts...
by Dan Gibby | Jul 17, 2018 | Past Weekly Options Letters
7/17: LRCX – Consider shorting Jul (7/20) $170/165 Bull Put Credit Spread (3 DTE) for around $.55/share (currently $.42/share but want price improvement with expected retracement in stock and market). Stop Loss: $170.18. 7/17: LULU – Shorted Jul (7/27) $124/118 Bull...
by Dan Gibby | Jul 15, 2018 | Past Weekly Options Letters
Below is a daily chart of SPDR S&P Biotech ETF (XBI). Trade: Over $101.17, consider shorting Jul (7/20) $99/94 bull put credit spread (5 DTE) for mid-point but limit of $.42/share (closed at $.50/share). Technical Setup: Bullish consolidation at...
by Dan Gibby | Jul 12, 2018 | Past Weekly Options Letters
7/12: FB – Shorted Jul (7/20) $200/195 Bull Put Credit Spread (8 DTE) for $.68 share. Bullish consolidation at upper 80% of prior range Breakout daily, breakout to all-time highs weekly. Stop Loss: None for now, but if want one, use $201.48.
