We had a successful 100% closing victory on our short income option trades.
Please see the video if you missed any of the trades. In this video, let’s review last week’s 7 successful trades with the exact strategies — and the profits our subscribers made money from using our Weekly Options Trader.
We have no official new trades now, but here are a few candidates we are watching and will update you with e-mail and text alerts if and when they trigger.
Happy trading — and Happy Thanksgiving Week!
GOOGL – With Bearish Engulfing bar possibly setting up lower high, we are watching for Bear Call Credit Spread.
GS – With breakdown from multi-week top, we are watching for Bear Call Credit Spread.
AAPL – With pullback to Minor Support and the r20-MA in strong uptrend, we are watching for a retest of the the prior low for possible Bull Put Credit Spread.
AAL – With oversold transports and weekly Bullish Engulfing bar possibly setting up higher low in uptrend, we are watching for Bull Put Credit Spread.
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.
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
Please Sign Up for Text Alert Service for Timely Trade Updates!
As a subscriber to the Master Trader Advisory Letter, 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
Most subscribers of this Service have found Master Trader Weekly Lessons for Investors and Traders incredibly helpful for ongoing education to build on your Investing and Trading Knowledge and Confidence to Profit in ALL Markets! Each weekly lesson will provide you valuable education on stocks and options; basic to advanced chart analysis and technical strategies; the professional investor’s mindset and approach to the markets; and Master Trader risk management techniques. Click HERE.
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
Follow Greg on Twitter, YouTube, and StockTwits to get real-time updates and education:
Twitter: @GregCapra
Stocktwits: Greg_Capra
youtube.com/c/mastertrader (please subscribe to receive all the timely stock market updates)
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.
