by Greg Capra | May 3, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Hello Traders, What a mess! Not that it hasn’t not been expected, it has. In Monday’s Advisory Letter I wrote “While any day or day-to-day move may seem meaningful, the bigger picture continues to suggest that the upside or downside is...
by Dan Gibby | May 2, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
5/2: CAT – Consider shorting May (5/11) $141/136 bull put credit spread for around current mid-point of $.55/share (9 DTE). Bullish 2 BT retest on daily and r200-MA daily, Major Support weekly, bullish monthly. Stop Loss: $140.29.
by Dan Gibby | May 2, 2018 | Past Weekly Options Letters
5/2: HD – Consider shorting May (5/11) $180/175 bull put credit spread for current mid-point of $.47/share (9 DTE). Bullish pullback into +WRB Breakout daily, bullish multi-year consolidation weekly. Stop Loss: $181.28.
by Dan Gibby | May 1, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
NEW TRADE IDEA: 4/17; OXY – Shorting May (5/11) $78.5/81 bear call credit spread for current mid-point of $.37/share (10 DTE). Climactic Sell Setup, Topping Tail, Major Resistance, and breakdown hourly. Stop $78.12.
by Dan Gibby | Apr 29, 2018 | Past Weekly Options Letters
Below is a daily chart of Constellation Brands, Inc. (STZ). Trade: Over $234.38, consider shorting May (5/4) $230/225 bull put credit spread (5 DTE) for a limit of $.50/share (closed at $.57/share). Technical Setup: Bullish Wide Range Bar (+WRB) Breakout on...
by Dan Gibby | Apr 26, 2018 | Past Weekly Options Letters
4/26: COST – Consider shorting May (5/4) $190/182.5 bull put credit spread (8 DTE) for a limit of $.58/share (currently $.62/share). Bullish +123 if closed here after Pro Gap Breakout and pull back daily. Stop $190.98. ...
