by Dan Gibby | Jan 11, 2018 | Past Weekly Options Letters
Below is a weekly chart of Apache Corporation (APA). Trade: Consider shorting Jan (1/19) $45/41 Bull Put Credit Spread (8 DTE) for around current mid-point of $.45/share (extended intra-day so will get better price if retraces). Technical Setup: Master...
by Dan Gibby | Jan 10, 2018 | Past Weekly Options Letters
Below is a daily chart of Square, Inc. (SQ). Trade: Over $41.20, consider shorting Jan (1/19) $39/36 Bull Put Credit Spread (9 DTE) for mid-point but minimum of $.31/share (currently at $.37/share). Technical Setup: Bullish consolidation and 3 Bottoming...
by Dan Gibby | Jan 7, 2018 | Past Weekly Options Letters
Below is a daily chart of Wayfair Inc. (W). Trade: Over $81.06, consider shorting Jan (1/12) $75/70 Bull Put Credit Spread (5 DTE) for around closing mid-point of $.50/share. Technical Setup: Multiple Bottoming Tails after pull back from Bullish +WRB breakout...
by Dan Gibby | Jan 3, 2018 | Past Weekly Options Letters
With the VIX (CBOE Volatility Index) closing at all-time lows, it is making it more difficult for us to find compelling short-term option selling candidates. But rest assured we are looking! Below is a daily chart of Overstock.com, Inc. (OSTK). Below are some...
by Dan Gibby | Jan 3, 2018 | Past Weekly Options Letters
Below is a daily chart of PayPal Holdings, Inc. (PYPL). Trade: Consider shorting Jan (1/12) $74/70 Bull Put Credit Spread (9 DTE) for a limit of $.29/share (currently $.26/share). Technical Setup: +WRB from consolidation and converging r20-/50-MA daily,...
by Dan Gibby | Jan 2, 2018 | Past Weekly Options Letters
Below is a daily chart of iShares Russell 2000 ETF (IWM). Trade: Over $154,15, consider shorting Jan (1/12) $151.5/146.5 Bull Put Credit Spread (10 DTE) for a limit of $.37/share (closed at $.41/share). Technical Setup: Bear Trap Breakout on 20MA daily,...
