by Dan Gibby | Jun 13, 2018 | Past Weekly Options Letters
6/13: KSS – Shorting Jun (6/22) $80/85 bear call credit spread for a limit of $.45/share (current mid-point is $.40/share but we want improvement on bounce) (9 DTE). Climactic Sell Setup and Topping Tail after Breakout Failure. Stop: $79.93. ...
by Dan Gibby | Jun 13, 2018 | Past Weekly Options Letters
6/13: NVDA – Shorting Jun (6/15) $260/255 bull put credit spread for $.52/share (2.5 DTE). QQQ/SMH breaking out and NVDA breaking out hourly with bullish consolidation daily and weekly. Stop $260.08.
by Dan Gibby | Jun 12, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
RH – We will be watching for bearish stock and option trades in the Green Room and advise. LE – Pre-market Breakout on monthly chart with Price Void above; however, weekly is extended so we will be watching on a pull back. ...
by Dan Gibby | Jun 10, 2018 | Past Weekly Options Letters
Below is a daily chart of The Travelers Companies, Inc. (TRV). Trade: Over $131.64 consider shorting Jun (6/15) $130/125 bull put credit spread (5 DTE) for mid-point but a limit of $.45/share (closed at $.50/share). Technical Setup: Breakout from...
by Dan Gibby | Jun 7, 2018 | Master Trader Advisory Letter Past, Options Mastery Course, Past Weekly Options Letters
Please enjoy this brief video lesson on how we used the charts and option pricing to convert an Advisory Letter Bear Call Credit Spread on RTN into an Iron Condor when it strengthened to make it a very profitable trade. Thank...
by Dan Gibby | Jun 7, 2018 | Past Weekly Options Letters
6/7: GOOGL – Consider shorting Jun (6/18) $1120/1110 bull put credit spread for current mid-point of $.58/share (1 DTE). 3-bar pullback and Bottoming Tail following bullish Breakout daily, and hourly 2-bar bullish reversal. Stop: None, will roll if...
