by Dan Gibby | May 9, 2018 | Past Weekly Options Letters
Below is a daily chart of iPath S&P 500 VIX ST Futures ETN (VXX). Trade: Under $39.51 (or day’s low) after 10-Min. of trading, consider shorting May (5/18) $43/54 bear call credit spread (10 DTE) for a limit of $.51/share (closed at $.56/share). Technical...
by Dan Gibby | May 7, 2018 | Past Weekly Options Letters
5/7: BIDU – Shorting May (5/11) $247.5/242.5 bull put credit spread for $.60/share (4 DTE). Breakout from last week’s consolidation after Pro Gap earnings breakout, market bullish. Stop Loss $249.19.
by Dan Gibby | May 7, 2018 | Past Weekly Options Letters
5/7: AMZN – Shorting May (5/11) $1540/15200 bull put credit spread for $1.05/share. Breakout from last week’s consolidation after Pro Gap earnings breakout to all-time highs, market bullish. Stop Loss $1545.98. Bu
by Dan Gibby | May 6, 2018 | Past Weekly Options Letters
Below is a daily chart of Netflix, Inc. (NFLX). Trade: Over $321.00, short May (5/11) $305/295 bull put credit spread (5 DTE) for a limit of $.65/share (closed at $.73/share). Technical Setup: Bullish consolidation in top half of last week’s Bearish Wide...
by Dan Gibby | May 4, 2018 | Past Weekly Options Letters
5/4: GOOGL – Shorting May (5/11) $1015/990 bull put credit spread for around $1.20/share (7 DTE). +WRB engulfing Breakout from Major Support and at r200-MA daily with bullish market. Stop Loss $1018.04.
by Dan Gibby | May 4, 2018 | Past Weekly Options Letters
5/4: LRCX – Consider shorting May (5/11) $185/175 bull put credit spread for $.65/share. Breakout from consolidation at r200-MA daily. Stop Loss $185.38.
