by Dan Gibby | Mar 9, 2018 | Past Weekly Options Letters
NEW TRADE IDEA: 3/9: MU – Consider shorting Mar (3/16) $56/61 bear call credit spread for around current mid-point of $.56/share. Climactic sell setup with bearish engulfing, short-term income trade with 97% Implied Volatility Rank. Stop $56.02.
by Dan Gibby | Mar 9, 2018 | Past Weekly Options Letters
NEW TRADE IDEA: 3/9: FDX – Consider shorting Mar (3/16) $235/225 bull put credit spread around current $.58/share mid-point. Big 2x bottom and Bottoming Tail above 200-MA daily. Stop $236.17.
by Greg Capra | Mar 8, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Overall, the broader markets and sectors continue to mark time within last week’s trading range. I did not notice at the time that I made the video (play it full screen), but Telecom (XTL) has done well this well. Some stocks in the sector pulling higher are...
by Greg Capra | Mar 6, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
The broader markets are dropping fast tonight on the news of “Wall Street Friendly” Cohn resigning. The DOW is down -433 as I am writing this, but still above last week’s low, so still neutral from that time frame. While prices are nearing that...
by Greg Capra | Mar 5, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
The DOW closed up +336.70 — or about 1.4% on the day — and most of the other indices and sectors had a decent day as well. One day does not make a trend, so let’s take a look at this day within the last few days and weeks to put it in perspective....
by Dan Gibby | Mar 4, 2018 | Past Weekly Options Letters
Below is a daily chart of GrubHub Inc. (GRUB). Trade: Over $99.89, consider shorting Mar (3/9) $94/85 bull put credit spread (5 DTE) for closing mid-point of $.45/share. Technical Setup: Bullish engulfing and Bottoming Tail and possible breakout to all-time...
