by Dan Gibby | Oct 3, 2017 | Past Weekly Options Letters
Below is a daily chart of Chipotle Mexican Grill, Inc. (CMG). Trade: Consider shorting Oct (10/6) $295/290 bull put spread (3 DTE) for current mid-point but minimum of $.50/share (closed at $.50/share). Note: 94% Implied Volatility Rank provides “rich”...
by Dan Gibby | Oct 2, 2017 | Past Weekly Options Letters
Below is a daily chart of Micron Technology, Inc. (MU). Trade: Under $39.40, consider shorting Oct (10/6) $41/44 bear call spread (4 DTE) for mid-point (closed at $.39/share). Technical Setup: Climactic Sell Setup daily. Option Strategy: Bear Call Credit Spread...
by Dan Gibby | Oct 2, 2017 | Past Weekly Options Letters
Below is a daily chart of Molson Coors Brewing Company (TAP). Trade: Consider shorting Oct (10/6) $81/79 bull put spread (4.5 DTE) for current mid-point of $.27/share. Technical Setup: Climactic Buy Setup daily and stabilizing hourly chart. Option Strategy: Bull...
by Dan Gibby | Sep 30, 2017 | Past Weekly Options Letters
It was a great week for our income trades that were 100% profitable! 9/27/17: AMZN – Shorted Sep (9/29) $930/910 bull put spread for $.64/share. Expired worthless for 100% profit. 9/21/17: WTW – Shorted Sep (9/29) $40.5 naked puts (9 DTE) for...
by Dan Gibby | Sep 27, 2017 | Past Weekly Options Letters
Below is a daily chart of Amazon.com, Inc. (AMZN). Trade: Consider shorting Sep (9/29) $930/910 bull put spread (2 DTE) for around current mid-point of $.64/share. Stop Loss: $931.78. Technical Setup: Hourly Breakout from oversold buy setup daily chart. Option...
by Dan Gibby | Sep 25, 2017 | Past Weekly Options Letters
Below is a daily chart of The Boeing Company (BA). Trade: Consider shorting Sep (9/29) $260/265 bear call spread (5 DTE) for around current mid-point of $.60/share. Technical Setup: Climactic Sell Setup (CSS) and Topping Tail daily. Option Strategy: Bear Call...
