by Dan Gibby | Apr 3, 2018 | Past Weekly Options Letters
AAPL – Consider shorting Apr (4/6) 165/160 short put spread for around current mid-point of $.75/share. Major Support and r200-MA. Stop $164.46.
by Greg Capra | Apr 2, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Today was another ugly down day and overall the patterns are just that: ugly. However, they are always ugly before a turn. Based on the price patterns, there is little to nothing to suggest a turn, but I have seen this type of break fail many times. I’ll explain...
by Dan Gibby | Apr 1, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
We are happy to provide an additional bullish income trade courteous of an aspiring Master Trader Options Trader (see email below). 4/2: SHOP – Over $126.28, consider shorting Apr (4/6) $114/106 bull put credit spread (5 DTE) for around closing mid-point of...
by Dan Gibby | Apr 1, 2018 | Past Weekly Options Letters
Below is a daily chart of McDonald’s Corporation (MCD). Trade: Under $156.38, consider shorting Apr (4/6) $160/162.5 bear call credit spread (5 DTE) for a limit of $.55/share (closed at $.62/share). Technical Setup: Above. Option Strategy: Bear Call...
by Dan Gibby | Mar 29, 2018 | Past Weekly Options Letters
3/29: SPY – Over $261.72, consider shorting Mar (3/29) $259 naked puts for mid-point (currently $.35/share), income trade expires today with 95% IVR, bullish hourly and oversold at r200-MA daily. Stop: $259 for now.
by Dan Gibby | Mar 28, 2018 | Past Weekly Options Letters
3/28: FB – Shorted Mar (3/29) $147/142 bull put credit spread for $.42/share (2 DTE). Income trade with 100% IVR with high fear, hourly stabilized after bouncing off Major Support in $148-150 area on the daily chart,. No stop for now.
