by Dan Gibby | Aug 21, 2022 | Past Weekly Options Letters
9 for 9 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below. After a broad-based four-month rally off the lows on the news that inflation was not as bad as expected, the broader markets finally retraced as we were...
by Dan Gibby | Aug 14, 2022 | Past Weekly Options Letters
The broader markets continued the rally after a bullish consolidation at resistance on the news that inflation was not as bad as expected. They closed the week up 2-3% near their highs, showing extreme bullish sentiment. A bit of overexcitement with inflation still...
by Dan Gibby | Aug 7, 2022 | Past Weekly Options Letters
The broader markets continued the rally that started the prior week after the FOMC announcement. The QQQs were the best, up 2.15% on the week. Friday’s employment data were positive. New jobs were a blowout. The markets had an initial bearish reaction in the...
by Dan Gibby | Jul 31, 2022 | Past Weekly Options Letters
The broader markets had a beautiful 3-day rally starting Wednesday even before the FOMC announcement. It was the best month since November 2020. The bulls exuberantly delivered on the bullish bounce, whether rational or not. The likely reason is the favorable...
by Dan Gibby | Jul 24, 2022 | Past Weekly Options Letters
The broader markets had a nice bounce to close the week positive but had a bearish reversal on Friday, particularly with many Nasdaq stocks. Last week we said, “Friday’s bullish gap and close followed more positive retail sales. The fact that it digested the bad news...
by Dan Gibby | Jul 17, 2022 | Past Weekly Options Letters
18 for 20 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below, bringing the 3-week total to 52 for 56 — see VIDEO BELOW. The broader markets had a nice bounce to close the week but still closed the week negative...
