Below is a weekly chart of Exxon Mobil Corporation (XOM).

 

Trade:  Over $84.27, consider shorting Dec (12/29) $84 naked puts (4 DTE) for a limit of $.30/share (closed at $.36/share).

Technical Setup:   Breakout daily/weekly/monthly.

Option Strategy:   Short Naked Puts (SP).

Stop Loss:  None for now, will roll if necessary because bullish weekly.

 

Miscellaneous Member Documents and Reminders:

Adjustments and Comments on Open and Closed trades in Master Trader’s Weekly Options Trader. Note: Our Trade Updates are timely posted in a separate Report in the Member's Area. Please CLICK HERE to 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.

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 by Master Trader in its advisory letters to generate wealth and income.

Description of Master Trader Directional and Income Option Trades can be seen HERE

Please Sign Up for New WhatsApp Text Alert Service for Timely Trade Updates!

 

As a subscriber to the Master Trader’s Weekly Options Trader, we would like to text you alerts for timely new trade opportunities and/or updates to open positions.

We are going to discontinue using the current text service and replace it with WhatsApp.  This will allow us to post more detailed alerts (without being constrained by character limits), and also allow our many subscribers all over the world to receive these alerts (and you when you are traveling).

Please download the app on your phone if you want to take advantage of this service.  You can read about the product at https://www.whatsapp.com/

Once downloaded, CLICK HERE to get the invitation to the “MasterTrader Weekly Opt” Group.

Once downloaded, email Dan@mastertrader.com with your first and last name and cell # for access instructions.  We reserve the right to ban anyone from the group for posting.

 

PLEASE DO NOT TEXT REPLIES HERE AS IT BROADCASTS TO ALL SUBSCRIBERS (instead, kindly e-mail dan@mastertrader with any questions).

Adjustments and Comments on Open and Closed trades in Master Trader’s Weekly Options Trader. Note: Our Trade Updates are timely posted in a separate Report in the Member's Area. Please CLICK HERE to 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.

 

Since you have enjoyed this Service, please review the following for more detailed education — and profits!

You can sign up for the Master Trader Monthly Advisory here. Our comprehensive Master Trader All-Inclusive Advisory Market Edge Membership includes the Advisory Letter — plus much more – in providing ongoing, invaluable trading information for active investors and traders. Check out what the amazing package includes.

To learn how to create Wealth and Generate Income using our simple Option Strategies, please see Master Trader Option Strategies Series for Investors and Active Traders.  Our unique approach is guaranteed to increase your ability to trade options with confidence with superior reward-risk that doesn’t take a lot of time.

 

Thank you for being a loyal subscriber and feel to email us with any questions or comments on anything.

 

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)