by Greg Capra | Feb 5, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
In Monday’s letter, I said: “There are other reference points below, but there is really no point to discuss them at this time until we get more information. I’ll mention one anyway: a 10% correction would put the Dow edging just under 24,000 and the next...
by Dan Gibby | Feb 4, 2018 | Past Weekly Options Letters
Below is a daily chart of Chevron Corporation (CVX). Trade: Over the 30-Min. high, consider shorting Feb (2/9) $117/114 bull put credit spread (5 DTE) for mid-point but a limit of $.55/share (closed at $.65/share). Technical Setup: -WRB on +Vol. to Major...
by Dan Gibby | Feb 3, 2018 | Past Weekly Options Letters
TRADE WATCH IDEAS: Below is a daily chart of Big Lots, Inc. (BIG). Note: We will be watching to see if reverses in the $56 area for possibly selling a weekly Bull Put Credit Spread (BPS). Below is a daily chart of United Parcel Service, Inc. (UPS)....
by Dan Gibby | Jan 31, 2018 | Past Weekly Options Letters
Below is a daily chart of Lululemon Athletica Inc. (LULU). Trade: Under $77.98, consider shorting Feb (2/9) $80.5/84 bear call credit spread (9 DTE) at mid-point (closed at $.46/share). Technical Setup: Breakdown from rounding top daily, bearish weekly, and...
by Dan Gibby | Jan 31, 2018 | Past Weekly Options Letters
Below is a daily chart of American Airlines Group Inc. (AAL). Trade: Consider shorting Feb (2/2) $53 naked puts (2.5 DTE) for current mid-point around $.21/share. Technical Setup: +WRB from selloff to Major Support and r50-MA daily, Time Decay trade for...
by Dan Gibby | Jan 28, 2018 | Past Weekly Options Letters
Below is a daily chart of Caterpillar Inc. (CAT). Trade: Under $165.50, consider shorting Feb (2/2) $170/177.5 bear call credit spread (5 DTE) at mid-point (closed at $.98/share). Technical Setup: Breakdown after earnings daily (Implied Volatility Rank still...
