by Dan Gibby | Oct 12, 2017 | Past Weekly Options Letters
Below is a daily chart of Amazon.com, Inc. (AMZN). Trade: Consider shorting Oct (10/20) $960/950 bull put spread (8 DTE) for current mid-point of $.55/share or better. Technical Setup: Breakout daily/weekly after 100% Retracement and consolidation at Major...
by Dan Gibby | Oct 10, 2017 | Past Weekly Options Letters
Below is a daily chart of Alphabet Inc. (GOOGL). Trade: Consider shorting Oct (10/13) $1010/1020 bear call spread (3.5 DTE) for current mid-point of $.75/share or better. Technical Setup: Rally to resistance daily/weekly, Topping Tail, and bearish engulfing bar....
by Dan Gibby | Oct 9, 2017 | Past Weekly Options Letters
Below is a daily chart of Tesla, Inc. (TSLA). Trade: Consider shorting Oct (10/13) $365/375 bear call spread (4.5 DTE) for current mid-point of $.61//share or better. Technical Setup: Bear Gap from Sell Setup at flat 20/40-MA daily with overbought broader markets....
by Dan Gibby | Oct 8, 2017 | Past Weekly Options Letters
We Batted 83% last week, with 5 of 6 wins closed out with nice profits We start off the week with two bear call spreads. The broader market moved up strongly last week and a small pullback would be good for the long-term bullish view. In the video, will review last...
by Dan Gibby | Oct 6, 2017 | Past Weekly Options Letters
Below is a daily chart of iShares Russell 2000 ETF (IWM). Trade: Under $149.68 (5-Min. low), consider shorting Oct (10/6) $150.5 naked calls (today expiration) for mid-point but a minimum of $.20/share (closed at $.27/share). Note: We like selling premium the day...
by Dan Gibby | Oct 5, 2017 | Past Weekly Options Letters
Below is a daily chart of Procter & Gamble Co. (PG). Trade: Under $91.94, consider buying Oct (10/13) $93.5 puts (7 DTE) for a limit of $1.65/share (only $.08/share of time value for the benefit of leverage and limited risk). Technical Setup: Sell Setup at...
