by Dan Gibby | Sep 13, 2017 | Past Weekly Options Letters
Below is a daily chart of Pioneer Natural Resources Company (PXD). Trade: Consider shorting Sep (9/15) $134 naked puts (2 DTE) for a limit of $.65/share (closed at $.50 x $.80/share). Technical Setup: Bullish Wide Range Bar (+WRB) Breakout from daily consolidation....
by Dan Gibby | Sep 13, 2017 | Past Weekly Options Letters
Adjustments and Comments on Weekly Option Trades 9/13/17: EFX – Over $115.40, consider shorting Sep (9/15) $100/90 bull put spread (3 DTE) for a limit of $.28/share (currently mid-point of $.30/share but spready). Note: High Risk because company’s egregious...
by Dan Gibby | Sep 12, 2017 | Past Weekly Options Letters
Below is a daily chart of Equifax Inc. (EFX). Trade: Over $115.40, consider shorting Sep (9/15) $100/90 bull put spread (3 DTE) for a limit of $.28/share (currently, mid-point of $.30/share but spready). Note: High Risk because company’s egregious data breach...
by Dan Gibby | Sep 11, 2017 | Past Weekly Options Letters
Below is a daily chart of Baidu, Inc. (BIDU). Trade: Over $234.65, consider shorting Sep (9/15) $1227.5 naked puts (4 Days to Expiration (DTE)) at mid-point but for a limit of $.60/share (closed at $.66 x .77). Technical Setup: Breakout daily, bullish weekly and...
by Dan Gibby | Sep 11, 2017 | Past Weekly Options Letters
Below is a daily chart of Kansas City Southern (KSU). Trade: Over $104.47, consider shorting Sep (9/15) $103/99 bull put spread (5 Days to Expiration (DTE)) for a limit of $.35/share (closed at $.45/share). Technical Setup: Breakout daily from Major Support on...
by Dan Gibby | Sep 10, 2017 | Past Weekly Options Letters
Below is a daily chart of Citigroup Inc. (C), $66.17. Trade: Under $65.70, consider shorting Sep (9/15) $67 naked calls (5 DTE) for mid-point (closed at $.43/share). Technical Setup: Breakdown daily and weekly, weak financial sector. Option Strategy: Short Naked...
