by Dan Gibby | Sep 3, 2023 | Past Weekly Options Letters
The broader markets had a robust rally last week as our market internals gave us a bullish signal and favorable economic data released. The SPY was up 2.5% while the QQQ gained an impressive 3.25% with the strength in the Magnificent Seven. Friday’s job report showed...
by Dan Gibby | Aug 27, 2023 | Past Weekly Options Letters
The SPY, QQQ, and IWM finished the week marginally positive, up less than 1%. The DIA showed relative weakness, closing slightly down. Last Thursday, Nvidia (NVDA) issued a blow-out earnings report and had a huge gap up, bringing the broader markets with it in...
by Dan Gibby | Aug 20, 2023 | Past Weekly Options Letters
We had a bearish bias ever since the market gap down on 8/2 on the U.S. debt downgrade, shortly after our market internals flashed a bearish signal for “caution for longs.” The broader markets were all down on the week. On Thursday, we mentioned that our market...
by Dan Gibby | Aug 13, 2023 | Past Weekly Options Letters
6 for 6 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below, bringing the 5-week total to 47 for 48. Although the broader markets ended the week flat to down less than 1%, institutions began selling some of the...
by Dan Gibby | Aug 6, 2023 | Past Weekly Options Letters
6 for 6 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below, bringing the 4-week total to 41 for 42. The broader markets sold off last week starting last Tuesday with Fitch’s downgrading the U.S. Credit Risk based on...
by Dan Gibby | Jul 30, 2023 | Past Weekly Options Letters
10 for 10 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below, bringing the 3-week total to 35 for 36. The broader markets had a good week, up between .5 – 1.9%. The S&P 500 is now up 28% from its 52-week low and...
