by Dan Gibby | Nov 6, 2017 | Past Weekly Options Letters
Below is a daily chart of FedEx Corporation (FDX). Technical Setup: Six-day pull back to rising 50-MA and Major Support on the daily chart after making all-time highs. Option Strategy: We will be watching for a potential weekly Bull Put Credit Spread (BPS) on a...
by Dan Gibby | Nov 5, 2017 | Past Weekly Options Letters
We have two patterns with the same names for our trades, but they have formed in different ways. In the video below, I explain the differences between the two of them. Hope this helps! The Bullish +123 Continuation Pattern [s3mv...
by Dan Gibby | Nov 3, 2017 | Past Weekly Options Letters
Below is a daily chart of The Goldman Sachs Group, Inc. (GS). Trade: Over $247.74, consider shorting Nov (11/10) $240/232.5 bull put spread (7 DTE) for current mid-point but with limit of $.57/share (closed at $.63/share). Technical Setup: Bullish multi-week...
by Dan Gibby | Oct 31, 2017 | Past Weekly Options Letters
Below is a daily chart of Roku, Inc. (ROKU). Trade: Consider shorting Nov (11/10) $18/16 bull put spread (10 DTE) for $.35/share (current mid-point is $.30/share but extended). Technical Setup: Bullish bounce from mid-point of bullish +WRB when went public. Option...
by Dan Gibby | Oct 28, 2017 | Past Weekly Options Letters
We batted 100% last week, closing all three weekly trades profitable. Below is a daily chart of Netflix, Inc. (NFLX). Trade: Over $200.65, consider shorting Nov (11/3) $192.5/185 bull put spread (5 DTE) for mid-point but a limit of $.53/share (closed at $.61/share)....
by Dan Gibby | Oct 23, 2017 | Past Weekly Options Letters
Below is a daily chart of Alibaba Group Holding Limited (BABA). Trade: Consider shorting Oct (10/27) $180/185 bear call spread (4 DTE) for a limit of current mid-point of $.40/share or better since extended intra-day. Technical Setup: Breakdown daily after failed...
