by Dan Gibby | Feb 5, 2023 | Past Weekly Options Letters
The Fed hiked rates ¼ point as expected last Wednesday. Powell’s comments ignited a buying frenzy. Bulls cheered when he said, “The disinflationary process has started.” He sounded much more optimistic about where inflation was heading and why it was headed there...
by Dan Gibby | Jan 29, 2023 | Past Weekly Options Letters
As we approach the Fed’s upcoming two-day policy meeting starting Jan. 31st, the stock market continued its “buy the dip” mentality, closing last week with a robust across-the-board rally. The US economy is cooling and inflation receding as the Fed wants, but growth...
by Dan Gibby | Jan 22, 2023 | Past Weekly Options Letters
10 for 10 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below. The stock market is pricing in a “soft landing” scenario as the Fed continues to raise rates to fight inflation. Despite consumer demand falling, and...
by Dan Gibby | Jan 15, 2023 | Past Weekly Options Letters
22 for 23 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below. Last week we had a full bullish bias based on the bullish Wide Range Bar (+WRB) Breakout close on Jan 6th. That bias played out and we were...
by Dan Gibby | Jan 8, 2023 | Past Weekly Options Letters
18 for 19 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below. Last week we said, “It was unfortunately a choppy up-and-down week, leaving us with a long bias over the week’s high and a bearish bias under Wednesday’s...
by Dan Gibby | Jan 1, 2023 | Past Weekly Options Letters
The broader markets closed the week relatively unchanged (small losses) on lighter volume on the last trading week of the year. Last week we said, “There was no Santa Claus Rally; however, with bullish internals and bullish close, will we get a year-end rally?” The...
