by Dan Gibby | Nov 13, 2022 | Past Weekly Options Letters
The markets rallied robustly last Thursday and Friday following the weaker-than-expected CPI. The Index ETFs were up between 4 – 8%, the best being the Nasdaq at 8.1%. Homebuilders and related stocks were up almost 10% after the XHB ETF was down 28% for the year. The...
by Dan Gibby | Nov 6, 2022 | Past Weekly Options Letters
Last Wednesday the Fed raised rates the expected 75 basis points, now bringing the Fed’s median policy rate expectation to 5.0% or higher. It wasn’t the rate hike that investors feared; it was the subsequent comments on future expected monetary policy. After an...
by Dan Gibby | Oct 30, 2022 | Past Weekly Options Letters
11 for 11 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below, bringing the 2-week total to 23 for 23. 24 for 25 closing GAINS (including breakeven) on last week’s closing swing stock and option trades in Swing...
by Dan Gibby | Oct 23, 2022 | Past Weekly Options Letters
12 for 12 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below. In the Green Room on Friday, we said that we were bullish if the SPY could close over Thursday’s Topping Tail. It did. DIA and QQQ did also. IWM didn’t...
by Dan Gibby | Oct 16, 2022 | Past Weekly Options Letters
Candidly, we were shocked by the amazing reversal of the bearish gap last Thursday — caused by the 40-year high negative CPI inflation data – as most markets closed with bullish Wide Range Bars (+WRB). The translation of the negative CPI was that more rate hikes...
by Dan Gibby | Oct 9, 2022 | Past Weekly Options Letters
September proved its reputation of being the most bearish month with the S&P 500 down about 9%. Octobers are typically weak but often set up tradable short-term bottoms, particularly if there has been heavy selling prior. The weakness continued last week with...
