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Daily Option Trading Commentary

New Market High In A Few Days - Hawkish Fed Did Not Spark Profit TakingĀ 

September 21
Posted 9:30 AM ET - Yesterday the Fed said that they plan to hike rates four times in 2018 and four times in 2019. This is more than analysts expected (total of six times) and the market drifted lower after the statement. The bid is strong and stocks rallied back into positive territory before the closing bell. This is a bullish sign and we should see a gradual move higher next week. The FOMC statement was keeping a lid on the rally and now that it is behind us, bullish momentum will take over. We can expect to see a…
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