by Dan Gibby | May 22, 2018 | Past Weekly Options Letters
5/22: NFLX – Consider shorting May (5/25) $325/315 bull put credit spread (4 DTE) for a limit of $.85/share (closed at $1.12/share). Bullish gap breakout from consolidation above 20/50-MA daily. Stop: $326.32. 5/22: AAPL – Bull flag consolidation...
by Dan Gibby | May 21, 2018 | Past Weekly Options Letters
5/21: SPY – Shorting May (5/25) $271/264 bull put credit spread for $.44/share (5 DTE). Bullish gap and pre-market strength. Stop: $270.92.
by Dan Gibby | May 20, 2018 | Past Weekly Options Letters
Below is a daily chart of Biogen Inc. (BIIB). Trade: Over $283.55, consider shorting May (5/25) $272.5/265 bull put credit spread (5 DTE) for mid-point but a limit of $.68/share (closed at $.82/share). Technical Setup: Bullish consolidation after +WRB...
by Dan Gibby | May 17, 2018 | Past Weekly Options Letters
5/17: ZBRA – Consider shorting May (5/18) $155/150 bull put credit spread for $.53/share (1.5 DTE). Bullish consolidation after Pro Gap, bullish weekly/monthly. Stop: None, if expires ITM, will roll to next week.
by Dan Gibby | May 13, 2018 | Past Weekly Options Letters
Looking Forward to Market Action Video [s3mv fileName=’May+Letters+2018/WeeklyTraderVideo.mp4′ fileType=’video’ source=’s3′ width=’800′ height=’450′ splashImage=” preLoad=’Y’...
by Dan Gibby | May 9, 2018 | Past Weekly Options Letters
5/4: WYNN – Shorting May (5/18) $187.5/182.5 bull put credit spread for $.65/share. Breakout from consolidation on r20-MA at resistance daily. Stop: $187.98.
