by Dan Gibby | Apr 4, 2018 | Past Weekly Options Letters
4/4: SPY – Consider selling Apr (4/9) $256/250 bull put credit spread for $.46/share (5 DTE). Bullish Gap Engulfing at Major Support and r200-MA. Stop $256.59.
by Dan Gibby | Apr 4, 2018 | Past Weekly Options Letters
4/4: MU – Consider shorting Apr (4/13) $49/45 bull put credit spread for a limit of $.48/share (currently $.43/share but extended hourly with market at resistance) (9.5 DTE). Bullish engulfing, negating bear gap, on r20-MA and Minor Support daily, bullish...
by Dan Gibby | Apr 4, 2018 | Past Weekly Options Letters
4/4: VXX – Consider shorting Apr (4/6) $55/60 bear call credit spread for around current mid-point of $.48/share (2.5 DTE), income trade with high IVR with high fear, gap and crap hourly at Major Resistance with SPY holding its gap down. No stop for now, will...
by Dan Gibby | Apr 4, 2018 | Past Weekly Options Letters
4/4: SPY – Consider shorting Apr (4/4) $255.5 naked puts for around current mid-point of $.59/share (expires today). Short-term income trade for stabilization after possible Breakdown Failure and rally off of today’s bearish gap down. Stop Loss:...
by Dan Gibby | Apr 4, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters, Ultimate Guide to Trading Volatility ETFs and Options Class
With the recent selloff – and now with today’s bearish gap down — the elevated volatility levels in the market (Implied Volatility Rank of the VIX (Volatility Index) is at yearly highs) favors shorting overpriced options (with the charts as always) and/or trades...
by Greg Capra | Apr 3, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Hello Traders, Below is a video update on the Breakdown Bar Failure (BDF) mentioned last night , which has formed on day two. As tomorrow’s trading activity unfolds, we will have more information to get more aggressive on the long side — if it sets up. So...
