by Dan Gibby | Mar 27, 2018 | Past Weekly Options Letters
We missed the perfect entry on yesterday’s late-day breakout in SMH on the 15-Min. chart so we will not chase, and seek to get filled at the closing mid-point price. We are also watching: IBB, ITB, UTX for 10 DTE put spreads, will advise. ...
by Dan Gibby | Mar 26, 2018 | Past Weekly Options Letters
Below is a daily chart of Alphabet Inc. (GOOGL). Trade: Provided it opens over $1045, over 5-Min. high, consider shorting Apr (3/29) $1000/980 bull put credit spread (3 DTE) for around closing mid-point of $.85/share. Technical Setup: Climactic Buy Setup and...
by Dan Gibby | Mar 26, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
3/26: SPY – Shorted Mar (3/28) $258/248 bull put credit spread for $.55/share (2 DTE). Bull Gap Surprise daily, retracement into gap and bullish reversal intra-day, bullish hourly, high Volatility Income Trade. Stop Loss: $258.
by Dan Gibby | Mar 26, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
3/26: FB – Consider shorting half lot of Mar (3/29) $135/125 bull put credit spread for a limit of $1.00/share (currently $.48/share so won’t hit unless FB falls another $5+ or so), income trade with 100% IVR, Major Support in $148-150 area on the daily...
by Dan Gibby | Mar 26, 2018 | Past Weekly Options Letters
3/26: AAPL – Over 30-Min. high, consider shorting Mar (3/29) $165/160 bull put credit spread for mid-point (currently $.59/share). Bull Gap Surprise from 9-day selloff to r200-MA. Stop Loss: $164.93. Bullish gap in market indices, but we are being patient...
by Dan Gibby | Mar 25, 2018 | Past Weekly Options Letters
The broader markets got clobbered last week and still look lower — although we believe that we are relatively close to a tradable turn. We did not find what we view as quality setups — long or short; thus, we are waiting for a bullish reversal to sell...
