Follow Us: TwitterFacebookRSS feed

Daily Option Trading Commentary

Market Broke Horizontal Support - Add More Puts If This Happens

March 25
Posted 9:30 AM ET - Last week the price action was very volatile. Stocks tried to breakthrough major horizontal resistance and twice they were repelled. The Fed quickly took its foot off the brake and investors are concerned that deteriorating global economic conditions will spread to the US. The US yield curve inverted briefly for the first time in 10 years on Friday. The market is pricing in a great trade deal with China, an orderly exit for England and robust economic growth in the US. I believe that all of these events are tenuous and that surprise favors the…

 

Stock Option Trading Education