by Dan Gibby | Oct 13, 2016 | Uncategorized
New Bullish Option Trade in Uncertain Market We have been watching Dollar General Corp. (DG) for weeks for the proper long setup since its collapse from $95+ a few months ago. Last month it looked like it was building a bullish base but failed. NOTE: DLTR has a...
by Dan Gibby | Sep 23, 2016 | Uncategorized
Previously, we mentioned “BMY has gotten crushed lately and approaching major support on the monthly chart. With volatility increasing on this sell off, I will be watching BMY as a put selling candidate with an exhaustion sell off on the daily, coupled with some type...
by Dan Gibby | Sep 21, 2016 | Uncategorized
Many gold stocks are oversold and have set up bullish double bottom patterns on the daily chart. Most gapped up today and are acting bullish ahead of today’s FOMC announcement on interest rates at 2 ET. This bullish action suggests that the FOMC will not raise...
by Dan Gibby | Sep 19, 2016 | Uncategorized
When multiple, longer-term time frames come into alignment, we deploy what we call core, or “wealth building” trades. The use of options makes them even more profitable. Below is the weekly chart of FIT: After its climactic fall from $52 post-IPO...
by Dan Gibby | Sep 7, 2016 | Uncategorized
In today’s Trading Newsletter, entitled Free Money for the Taking, What’s the Risk?, we discussed a Free Money trade in TAP. We explained that to us, this means the “reward-risk” of the trade is so compelling that it becomes a “no brainer” to place it. We will...
by Dan Gibby | Sep 1, 2016 | Uncategorized
We love selling overpriced puts (on liquid stocks with tight spreads) with bullish patterns. Many novice traders like to swing for the “home run” and buy out-of-the-money calls with unlimited potential (or even the equity itself) since the upside is unlimited. When...
