by Dan Gibby | Apr 8, 2018 | Past Weekly Options Letters
With market selloff into the close Friday, leaving deep retracement into demand, we are going to be conservative until we get more clarity. However, we are watching home builders and retail sectors since have nice bottoming patterns. Below is a daily chart of...
by Dan Gibby | Apr 6, 2018 | Past Weekly Options Letters
4/6: SPY – Shorted Apr (4/6) $262 naked puts for $.38/share (expires today). Bullish move from Gap down, Major Support and r200-MA daily, just betting the low will hold for day. Stop $263.10.
by Dan Gibby | Apr 5, 2018 | Master Trader Advisory Letter Past, MasterTrader Audio Lessons, Past Weekly Options Letters
Watch this bonus video lesson to see why we sold 1-day OTM calls on SPY and QQQ directional trades to reduce cost basis with high implied volatility! ...
by Dan Gibby | Apr 5, 2018 | Past Weekly Options Letters
4/5: BBY – Consider shorting Apr (4/13) $70/65 bull put credit spread for current mid-point of $.45/share (8 DTE). Bullish +123 continuation from consolidation/support daily. Stop: None now.
by Dan Gibby | Apr 5, 2018 | Past Weekly Options Letters
4/5: FB – Consider shorting Apr (4/6) $155/150 bull put credit spread for $.33/share (1 DTE), income trade with 97% IVR with high fear. Pullback and Bottoming Tail after Bull Gap from 2x bottom on the daily chart. No stop for now.
by Dan Gibby | Apr 4, 2018 | Past Weekly Options Letters
4/4: QQQ – Consider selling Apr (4/6) $155/150 bull put credit spread for current mid-point of $.43/share (2 DTE). Bullish Gap Engulfing at Major Support and r200-MA. Stop $154.03.
