by Dan Gibby | Jan 21, 2018 | Past Weekly Options Letters
Below is a daily chart of SPDR Dow Jones Industrial Average ETF (DIA). Trade: Under $259.27, consider shorting Feb (2/5) $261/265 bear call credit spread (5 DTE) at mid-point (closed at $.98/share). Technical Setup: Extended all time frames, under Friday’s...
by Dan Gibby | Jan 19, 2018 | Past Weekly Options Letters
1/19: BA – We recommend shorting Jan (1/26) $350/360 bear call credit spread (7 DTE) for around current mid-point of $.97/share. Stop $350.00. Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby...
by Dan Gibby | Jan 18, 2018 | Past Weekly Options Letters
Below is a daily chart of The Boeing Company (BA). Trade: Consider shorting Jan (1/19) $350/360 bear call credit spread (1 DTE) for a limit of $.51/share or better. Technical Setup: Bearish retracement into yesterday’s +WRB from Climactic Sell Setup daily...
by Dan Gibby | Jan 17, 2018 | Past Weekly Options Letters
Below is a daily chart of Alibaba Group Holding Limited (BABA). Trade: Consider shorting Jan (1/26) $192.5/200 bear call credit spread (10 DTE) for around current mid-point of $.48/share (extended intra-day so should get price improvement). Technical Setup: ...
by Dan Gibby | Jan 15, 2018 | Past Weekly Options Letters
By the end of the day on Wednesday, we were convinced that the markets were going to go higher. However, we didn’t think they would move as much as they did. Greg Capra covered how things shaped up into Wednesday’s close in the Chart of the Week video. If you missed...
by Dan Gibby | Jan 12, 2018 | Past Weekly Options Letters
Below is a daily chart of Twitter, Inc. (TWTR). Trade: Consider shorting Jan (1/19) $24.5 naked Puts (7 DTE) for around current mid-point $.22/share. Technical Setup: Bullish Gap Breakout from multi-week consolidation daily, bullish weekly and monthly....
