Below is a daily chart of The Walt Disney Company (DIS).
Trade: Under $98.53, consider shorting Sep (9/29) $99.5 naked calls (5 DTE) for a limit of $.36/share (closed at $.35 x .42/share).
Technical Setup: Anticipated Breakdown after bearish consolidation in the lower half of a Bearish Wide Range Bar (-WRB) breakdown on daily, and relative weakness to the Dow Jones Industrials.
Option Strategy: Short Naked Calls (SC).
Stop Loss: $99.72.
Below is a daily chart of Yandex N.V. (YNDX).
Trade: Over $33.52, consider shorting Sep (9/29) $32.55 naked puts (5 DTE) for mid-point with limit of $.30/share or better (closed $.35/share).
Technical Setup: Continuation Breakout all time frames.
Option Strategy: Short Naked Puts (SP).
Stop Loss: $32.48.
Below is a daily chart of Tesla, Inc. (TSLA).
Trade: Please Sign Up for Text Alert Service for Timely Trade Updates (see below) for our possible alert on a Bear Call Spread this week.
Technical Setup: Bearish sell off after rally to Major Resistance daily and weekly, closing the week with a bearish engulfing bar weekly.
Option Strategy: Bear Call Credit Spread (BCS).
Below is a link to individual videos explaining in greater detail the definitions of the main option trading strategies used in the Master Trader Option Strategies Series for Investors and Active Traders to generate wealth and income.
Description of Master Trader Directional and Income Option Trades can be seen HERE
Adjustments and Comments on Open Advisory Letter Trades Note: Our Trade Updates are timely posted in a separate Report in the Member’s Area. Please see that document for a current reflection on all Open and Closed Trades since the spreadsheet updates immediately and will always be more current than this e-mail update. Thank you.
NOTE: Please see Master Trader Guidelines for Trading the Open and Gaps in Member’s Area for rules on trade entry, gaps, etc.
Please Sign Up for Text Alert Service For Timely Trade Updates!
As a subscriber to the Master Trader Weekly Options Trader, we would like to text you alerts for updates to open positions and or new ones in a timely manner. These will also be posted to the Spreadsheet in the Member’s Area and new recommendations will also be emailed.
However, a text message to your mobile device will happen within seconds. To get our text alerts, please text the word mastertraderweeklyop (one word) to 33222
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
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Twitter: @GregCapra
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NOTE: Master Trader will show opening and closing prices of all stock and option trades. We do not recommend proper share size for your particular trading style, risk tolerance, or account balance. We urge you to calculate your own share size based on your individualized risk parameters, Trading Plan, and familiarity with the proposed trade strategy and risk.
NOTE: Master Trader and its representatives might have existing positions in these and other trade recommendations before or after suggested herein. Additionally, we often manage them differently for internal purposes based on different risk parameters than noted herein.
