Positioning for DIA Retracement 1-21-18

Below is a daily chart of SPDR Dow Jones Industrial Average ETF (DIA).   Trade:  Under $259.27, consider shorting Feb (2/5) $261/265 bear call credit spread (5 DTE) at mid-point (closed at $.98/share). Technical Setup:   Extended all time frames, under Friday’s...

BA Trade Posted in Whatsapp 1-19-18

1/19: BA – We recommend shorting Jan (1/26) $350/360 bear call credit spread (7 DTE) for around current mid-point of $.97/share.  Stop $350.00.   Happy trading!  If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby...

BABA Hit a Brick Wall 1-17-18

Below is a daily chart of Alibaba Group Holding Limited (BABA).   Trade:   Consider shorting Jan (1/26) $192.5/200 bear call credit spread (10 DTE) for around current mid-point of $.48/share (extended intra-day so should get price improvement). Technical Setup:  ...

New Weekly Option Trade Ideas 1/16/18

By the end of the day on Wednesday, we were convinced that the markets were going to go higher. However, we didn’t think they would move as much as they did. Greg Capra covered how things shaped up into Wednesday’s close in the Chart of the Week video. If you missed...