by Dan Gibby | Jan 26, 2018 | Past Weekly Options Letters
Below is a daily chart of Intel Corporation (INTC). Trade: Consider shorting Feb (2/2) $48.5/44.5 bull put credit spread (7 DTE) for around current mid-point of $.42/share. Technical Setup: Pro Gap Breakout on earnings daily, Bullish Breakout weekly and...
by Dan Gibby | Jan 25, 2018 | Past Weekly Options Letters
Adjustments and Comments on Weekly Option Trades 1/23: FCX – Shorted Jan (1/26) $20/22 bear call credit spread for $.26/share. Stop Loss: $20.22. 1/24: Negated gap down with BT, sell Jan (1/26) $19.5/17 bull put credit spread around current mid-point of...
by Dan Gibby | Jan 24, 2018 | Past Weekly Options Letters
Below is a daily chart of PowerShares QQQ ETF (QQQ). Trade: Under $169.29, consider shorting Jan (1/26) $170/173 bear call credit spread (2.5 DTE) at mid-point (currently $.62/share). Technical Setup: Extended all time frames and market internals getting more...
by Dan Gibby | Jan 24, 2018 | Past Weekly Options Letters
Below is a daily chart of Riot Blockchain, Inc. (RIOT). Trade: Over $21.00, consider shorting Feb (2/2) $17/14 bull put credit spread (10 DTE) for mid-point (closed at $.45/share). Technical Setup: Stabilization on r50-MA daily, Breakout hourly, Master Trader Buy...
by Dan Gibby | Jan 23, 2018 | Past Weekly Options Letters
1/23: GE – Sell $16 Naked Puts (4 DTE), closed at $.33 x .34/share. Daily CBS with +COG; hourly stabilization after BDF, with 15-Min. Gap Breakout. No stop, will roll to following weekly OTM strikes for Time Decay Income because climactic all time frames. note:...
by Dan Gibby | Jan 22, 2018 | Past Weekly Options Letters
1/22: PM – Consider shorting Jan (1/26) $106 naked puts (4 DTE) for a limit of $.60/share (currently $.40 x .51/share but extended intra-day with climactic sell setup hourly and starting to break down, if no fill, will watch/advise on entry when stabilizes). ...
