We had an active week, closing out 11 of our short-term option income trades, 10 of 11 at nice profits (91% success rate), with one minor loss on VMW.

Also, if you have never checked out the Master Trader Advisory Letter, it also had an active week, closing out 10 directional and option income trades all profitable (100% success rate).

The Advisory Letter provides extensive market analysis and focuses on both stock and option directional trades where multiple time frames are in alignment and we are looking for bigger gains.  It also provides numerous short-term option income trades like you get in the Weekly Options Trader, but with expirations typically expiring in 45 days or less to give more opportunities on various patterns.  Do yourself a favor and take a no-brainer $7 trial to the Master Trader Advisory Letter.

See the video below for a review of all open trades and closed ones last week.


Below is a daily chart of SPDR S&P Biotech ETF (XBI).



Trade:  Over $101.06, consider shorting Jul (7/27) $98.5/94.4 bull put credit spread (5 DTE) for mid-point but limit of $.40/share (closed at $.51/share).

Technical Setup:   Bullish consolidation above r20-MA at Major Resistance after 100% retracement and higher low on the daily, bullish weekly and monthly.

Option Strategy:   Bull Put Credit Spread (BPCS).

Stop Loss:   $98.48.





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Master Trader and You Building Your Financial Future Together

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
Trading the Pristine Method — Origin and End

Dan Gibby
Chief Options Strategist

Follow Greg on Twitter, YouTube, and StockTwits

Twitter: @GregCapra
Stocktwits: Greg_Capra    



NOTE:  Master Trader will show opening and closing prices of all stock and options trades.  We recommend that all traders and investors use proper share sizing for positions and money management. However, we cannot recommend what that is for your particular trading style, risk tolerance, or account balance.

We urge you to calculate your own share/position size based on your individualized risk parameters, Trading Plan, and familiarity with the proposed trade strategy and risk. Advanced Management Strategies (AMS) covers in detail foundational and advanced position and money management.


NOTE:  Master Trader and its representatives may have existing positions in actual or other trade recommendations before or after suggested herein.  Additionally, we may manage them differently for internal purposes based on different risk parameters than noted herein.

All trade ideas and content are for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, option or investment strategy is suitable for any person. Trading securities can involve high risk and the loss of any funds.  Investment or trading information provided may not be appropriate for all investors, and is provided without respect to individual financial sophistication, financial situation, investing time horizon or risk tolerance. Supporting documentation for any claims (including claims made on behalf of options programs), comparison, statistics, or other technical data, if applicable, will be supplied upon request.  Master Trader Consulting, Inc. is not a licensed financial advisor, registered investment advisor, or a registered broker-dealer. Options, futures and futures options are not suitable for all investors. Prior to trading securities products, please read the Characteristics and Risks of Standardize Options and the Risk Disclosure for Futures and Options found here:  CLICK HERE.