by Dan Gibby | Nov 14, 2017 | Master Trader Advisory Letter Past, Past Weekly Options Letters
$HMNY – Remember when we recommend bearish stock and option strategies at $37 on a Climactic Sell Setup!? That was sweet! Well, now the daily has stabilized with a Bullish Double Bottom on the rising 50-MA and has a small gap up today. Will be watching a...
by Greg Capra | Nov 12, 2017 | Past Weekly Options Letters
The broader markets all marked time on Friday trading inside of Thursday’s range. The Bottoming Tails that formed in most did not follow through and that day’s high and low are the first reference points of resistance and support to use in the daily time...
by Dan Gibby | Nov 9, 2017 | Past Weekly Options Letters
Below is a daily chart of Wynn Resorts, Limited (WYNN). Trade: Over $154.10, consider shorting Nov (11/17) $149/143 bull put spread (7 DTE) for mid-point but minimum of $.71/share (closed at $.78/share). Technical Setup: Breakout daily and weekly with strong...
by Dan Gibby | Nov 9, 2017 | Past Weekly Options Letters
Below is a daily chart of Caterpillar Inc. (CAT). Trade: Consider shorting Nov (11/17) $139/142 bear call spread (8 DTE) for $.35/share. Technical Setup: Gap down from Double Top daily after lower high, Climactic Sell Setup weekly and monthly. Option Strategy: ...
by Dan Gibby | Nov 8, 2017 | Past Weekly Options Letters
Regarding our ROKU short Nov (11/10) $18/16 bull put spread (sold for $.35/share), we wanted to advise you that earnings are after the close today, posing gap risk. The Max Gain is the $.35/share premium received. You can close now for $.55/share, booking a...
by Dan Gibby | Nov 7, 2017 | Past Weekly Options Letters
Below is a daily chart of FedEx Corporation (FDX). 11/7: FDX – Consider shorting Nov (11/10) $217.5/215 bull put spread (4 DTE) for around current mid-point of $.31/share. Stop $218.28. Happy trading! If you have any questions or comments, please...
