by Dan Gibby | Sep 24, 2017 | Past Weekly Options Letters
Below is a daily chart of The Walt Disney Company (DIS). Trade: Under $98.53, consider shorting Sep (9/29) $99.5 naked calls (5 DTE) for a limit of $.36/share (closed at $.35 x .42/share). Technical Setup: Anticipated Breakdown after bearish consolidation in the...
by Dan Gibby | Sep 21, 2017 | Past Weekly Options Letters
Below is a daily chart of RH (RH). Trade: Over $75.00, consider shorting Sep (9/29) $69/65 bull put spread (8 DTE) for mid-point but a limit of $.40/share (closed at $.50/share). Technical Setup: Bullish Consolidation following Pro Gap daily. Option Strategy: ...
by Dan Gibby | Sep 21, 2017 | Past Weekly Options Letters
Weight Watchers International Inc. (WTW). Consider shorting Sep (9/29) $40.5 naked puts (9 DTE) for a limit of $.25/share. Stop Loss: $41.08. Bullish consolidation on the rising 20-MA daily and buy setup weekly. Please Sign Up for Text Alert Service for...
by Dan Gibby | Sep 20, 2017 | Past Weekly Options Letters
Adjustments and Comments on Weekly Option Trades 9/19/17: TSLA – Shorted Sep (9/22) $390/400 bear call spread (3.5 DTE) for $.84/share. 9/20: Close half at current mid-point of $.14/share (9/20 closing price) or better and move stop to $378.26/share....
by Dan Gibby | Sep 19, 2017 | Past Weekly Options Letters
Below is a daily chart of Below is a daily chart of Tesla, Inc. (TSLA). Trade: Under $375.65, consider shorting Sep (9/22) $390/400 bear call spread (3.5 DTE) for mid-point but of limit of $.84/share or better (currently at $.91/share). Technical Setup: Bearish...
by Dan Gibby | Sep 16, 2017 | Past Weekly Options Letters
Below is a chart of the S&P 500 and the day-to-day sentiment. There can be no arguing with the current bullish trend that is suggesting that prices are headed higher. That does not mean that we do no have our lines in the sand short-term that will suggest...
