by Dan Gibby | Jul 12, 2018 | Past Weekly Options Letters
We didn’t make any new trade recommendations yesterday because of the mixed/weak markets; however, we built a nice watch list, waiting further information (see yesterday’s Chart of the Week). Today all major market index ETFs have bullish gaps but DIA,...
by Dan Gibby | Jul 9, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Once we are in a trade, we are in trade management mode. When selling options/spreads, the Max Gain is the premium received. So how do you know how much profit to book while the stock is performing as intended? Here are some general guidelines that we teach in...
by Dan Gibby | Jul 8, 2018 | Past Weekly Options Letters
ACN was a trade idea sent last week but never triggered. It is still valid with selling this Friday’s put spread if triggers. 7/9: ACN – Over $165.56, consider shorting Jul (7/13) $162.5/157.5 bull put credit spread (5 DTE) for mid-point of $.45/share. ...
by Dan Gibby | Jul 6, 2018 | Past Weekly Options Letters
7/6: SMH – Consider shorting the Jul (7/13) $101/95 bull put credit spread for around $.44/share. Breakout from consolidation at r200-MA after No Follow Through to Bearish -WRB daily, pull back and reversal at r50-MA weekly. Stop Loss $100.88.
by Dan Gibby | Jul 6, 2018 | Past Weekly Options Letters
7/6: NFLX – Consider shorting the Jul (7/13) $375/367.5 bull put credit spread for around $.68/share. Breakout from bullish consolidation above r20-MA after Breakdown Failure daily. Stop Loss $379.78.
by Dan Gibby | Jul 3, 2018 | Past Weekly Options Letters
As we predicted because of the bullish sentiment interpretation of the equity put-call ratio becoming too bearish (i.e., the “wrong-way” option traders were fully invested in predicting a market mini-crash), the markets and many stocks put in bullish...
