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Daily Option Trading Commentary

Buy Puts On the Open - Trade Negotiations Stall and NK Getting Cold Feet

May 23
Posted 9:30 AM ET - I have been skeptical of the rally this week. Trade talks between China and the US came to a standstill and both sides declared a temporary truce. North Korea is getting "cold feet" and the tone is starting to sour. Investors will error on the side of safety and the S&P 500 is likely to close below the 100-day moving average today. I am taking a short position. The US and China could have stated that they are miles apart and that they can't find middle ground. Instead, they said that progress is being made…


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