by Dan Gibby | Jul 1, 2018 | Past Weekly Options Letters
Below is a daily chart of Accenture plc (ACN). Trade: Over $165.56, consider shorting Jul (7/6) $162.5/157.5 bull put credit spread (5 DTE) for mid-point but a limit of $.60/share (closed at $.72/share). Technical Setup: Bullish +123 continuation to...
by Dan Gibby | Jun 29, 2018 | Past Weekly Options Letters
6/29: INTC – Consider shorting Jul (7/6) $48.5 naked puts for $.30/share (7 DTE). Bullish reversal above r200-MA daily, Master Trader Buy Setup weekly. Stop: None, will roll if needed because of bullish pattern on support (or use $48.49 if want stop).
by Dan Gibby | Jun 28, 2018 | Past Weekly Options Letters
We recently entered a put spread with a tight stop because of the uncertainty of the broader markets. Today, after further weakness, it closed with a beautiful bullish engulfing bar, bouncing off of support. We have more confidence now in a bullish reversal. ...
by Greg Capra | Jun 27, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Hi Master Traders, The markets started the with a move higher from a new low reversal, but into the second reversal time period (10:30), the Breakout Bar Failure (see chart below) set the morning high. When the low of the day, which was a new low reversal bottoming...
by Dan Gibby | Jun 27, 2018 | Past Weekly Options Letters
6/27: DIA – Consider shoring Jun (6/29) $242/238 bull put credit spread for $.50/share (3 DTE). Stabilization at r200-MA daily breakout hourly. Stop $242.18. 6/27: SPY – Consider shoring Jun (6/27) $271 naked puts for $.19/share (expires today)....
by Dan Gibby | Jun 25, 2018 | Past Weekly Options Letters
6/25: DBX – Over $34.07, consider shorting Jun (6/29) $32/30 bull put credit spread (4.5 DTE) for mid-point but a limit of $.40/share (currently $.45/share and spready so try price improvement over mid-point). Bullish Reversal on Minor Support after Breakout from...
