by Greg Capra | Mar 22, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Hello Traders, The broader markets, sectors and most stocks were taken to the woodshed for a beating today. Only bonds were up in the day, so the selling was broad-based. See the sector list below. From an intermediate-term point of view, this is still a wide messing...
by Dan Gibby | Mar 22, 2018 | Past Weekly Options Letters
3/22: MA – Consider shorting Mar (3/29) $182.5/187.5 bear call credit spread for around current mid-point of $.74/share (8 DTE). Gap down from consolidation daily, Climactic Sell Setup and Topping Tail monthly. No stop for now, will monitor and roll if necessary as...
by Greg Capra | Mar 20, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Hello Master Traders, Markets have retraced to where they may attempt a move up. Many stocks have also pulled back to where buyers have begun to inch in. The rest of the week has a lot of news to digest. FOMC Wednesday, Jobless Claims Thursday and Friday the possible...
by Dan Gibby | Mar 20, 2018 | Past Weekly Options Letters
3/20: FB – Consider shorting Mar (3/23) $155/147 bull put credit spread (3.5 DTE) for around current mid-point of $.56/share. Two-day massive selloff on +Vol. (still downtrend daily/weekly but looking for high volatility income trade on bounce with intra-day...
by Dan Gibby | Mar 19, 2018 | Past Weekly Options Letters
With SPY having six red days, minor Bottoming Tail and on Minor Support on the hourly chart (from prior low’s breakout), we will be watching to short puts/spread with short expiration (2 or 4 DTE). We will advise when we get more confidence on an intra-day...
by Dan Gibby | Mar 18, 2018 | Past Weekly Options Letters
Below is a daily chart of Netflix, Inc. (NFLX). Trade: Under $317.70, consider shorting Mar (3/23) $332.5/342.5 bear call credit spread (5 DTE) for a limit of $.75/share (closed at $.83/share). Technical Setup: Breakdown from bearish 2-bar reversal at...
