by Dan Gibby | Dec 25, 2022 | Past Weekly Options Letters
The broader markets closed the week relatively unchanged on the pre-Christmas lighter volume week as there was conflicting economic data (which, of course, the Fed has to consider in fighting inflation). While the broader markets moved little on a closing basis from...
by Dan Gibby | Dec 18, 2022 | Past Weekly Options Letters
The broader markets closed the week with losses after the Fed’s last interest-rate announcement of the year, where the expected 50-basis point increase was announced, and hawkish comments about future policy. On Tuesday, the markets gapped significantly higher on news...
by Dan Gibby | Dec 11, 2022 | Past Weekly Options Letters
14 for 14 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below. The broader markets closed at the lows on Friday after Friday’s higher-than-expected PPI. The Nasdaq was down the most at -4%. The schizoid mindset of...
by Dan Gibby | Dec 4, 2022 | Past Weekly Options Letters
Powell’s comments which started last Wednesday at 1:30 ET ignited a bullish frenzy with the broader markets closing with bullish Wide Range Bars (+WRBs). The next two days were consolidation days which is bullish price action – particularly after the bearish gap down...
by Dan Gibby | Nov 27, 2022 | Past Weekly Options Letters
The markets closed with gains last week in the shortened, bullish Thanksgiving week, as yields and the US Dollar continued to retrace. In the last two weeks, there has been relatively little movement in the broader markets, which is not unusual after the prior...
by Dan Gibby | Nov 20, 2022 | Past Weekly Options Letters
Last week in commenting about the prior week’s rally, we said that the “markets seem to be pricing in the “all-clear” on inflation topping out which will cause the Fed to not be as aggressive.” Last Tuesday’s weaker-than-expected PPI seemed to confirm this. Most...
