by Dan Gibby | Oct 21, 2017 | Past Weekly Options Letters
Below is a daily chart of Automatic Data Processing, Inc. (ADP). Trade: Over $116.08, consider buying Oct (10/27) $114/117 bull call spread (5 DTE) at mid-point (closed at $1.90/share). Technical Setup: Breakout after bullish consolidation above the r20-MA daily....
by Dan Gibby | Oct 19, 2017 | Past Weekly Options Letters
Below is a daily chart of SPDR S&P 500 ETF (SPY). Trade: Consider shorting Oct (10/27) $256/258 bear call spread (8 DTE) for a limit of current mid-point of $.38/share or better since extended intra-day Technical Setup: Bearish Gap from rising extended wedge...
by Dan Gibby | Oct 18, 2017 | Past Weekly Options Letters
Below is a daily chart of Dollar General Corporation (DG). Trade: Over $83.22, consider shorting Oct (10/27) $81.5/78 bull put spread (8 DTE) for mid-point of $.44/share or better (closed at $.50/share). Technical Setup: Breakout all time frames with price void...
by Dan Gibby | Oct 17, 2017 | Past Weekly Options Letters
Below is a daily chart of The Goldman Sachs Group, Inc. (GS). Trade: Consider selling the following $5.00-wide Iron Condor: sell Oct (10/27) $245/250 bear call spread and sell Oct (10/27) $227.5/225.5 bull put spread (9 Days to Expiration (DTE)) for current...
by Dan Gibby | Oct 15, 2017 | Past Weekly Options Letters
Closed Trades Week of 10/9/17: We Batted 75% last week, booking a net $1,380 (assuming a 10-lot position sizing). 10/6: PG – Bought Oct (10/13) $93.5 puts for $1.65/share, sold for $3.50/share for $1.85/share gain. 10/9: TSLA – Shorted Oct (10/13)...
by Dan Gibby | Oct 12, 2017 | Past Weekly Options Letters
Below is a daily chart of Patterson-UTI Energy, Inc. (PTEN). Trade: Under $20.43, consider shorting Oct (10/20) $21/23 bear call spread (8 DTE) for $.25/share or better. Technical Setup: Breakdown after breakout failure daily, and Sell Setup, Topping Tail, and...
