by Dan Gibby | Nov 27, 2017 | Past Weekly Options Letters
Below is a daily chart of Square, Inc. (SQ). Trade: Consider shorting Dec (12/1) $50 naked calls for $.45/share mid-point. Technical Setup: Bearish Gap from Climactic Sell Setup daily/weekly. Stop $49.82. Happy trading! If you have any questions or...
by Dan Gibby | Nov 26, 2017 | Past Weekly Options Letters
Below is a daily chart of American Tower Corporation (REIT) (AMT). Trade: Provided it opens above $147, consider shorting Dec (12/1) $145/140 Bull Put Credit Spread (5 DTE) for mid-point but limit of $.35/share (closed at $.40/share). Technical Setup: Bullish...
by Dan Gibby | Nov 24, 2017 | Past Weekly Options Letters
Below is a daily chart of UnitedHealth Group Incorporated (UNH). Trade: Consider shorting Dec (12/1) $207.5/202.5 Bull Put Credit Spread (7 DTE) for $.91/share mid-point. Technical Setup: See above chart. Option Strategy: Bull Put Credit Spread (BPS). Stop...
by Dan Gibby | Nov 22, 2017 | Past Weekly Options Letters
Below is a daily chart of Restoration Hardware (RH). Trade: Consider shorting Dec (12/1) naked puts (9 DTE) with Strike Price at $88 or below for mid-point or slightly less. They are spready (higher risk) so please choose the one per your Trading Plan if you trade...
by Dan Gibby | Nov 22, 2017 | Past Weekly Options Letters
Below is a daily chart of Union Pacific Corporation (UNP). Trade: Provided it opens over $116.60, over 5-Min. high consider shorting Dec (12/1) $115/111 bull put spread (9 DTE) for around closing mid-point of $.53/share (or more with gap down). Technical Setup: ...
by Dan Gibby | Nov 21, 2017 | Past Weekly Options Letters
Below is a daily chart of Wynn Resorts, Limited (WYNN). Trade: Consider shorting Dec (12/15) $152.5/147 bull put spread (10 DTE) for current mid-point of $.57/share. Technical Setup: Bullish Wide Range Bar (+WRB) breakout on daily, bullish weekly and monthly....
