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Daily Option Trading Commentary

There Is Money To Be Made - Relative Strength Gives Us A Huge Edge

September 30
Posted 9:30 AM ET - Stocks traded in a very narrow range for most of the day Thursday. In the afternoon credit concerns surfaced and the first hour low was breached easily. A number of hedge funds have pulled money out of Deutsche Bank and this rattled the market. Traders are searching for anything they can sink their teeth into and once the momentum was established, stocks dropped quickly. The reaction to the news was over-extended and the market found support. We are seeing some follow-through buying this morning on the open. In my comments yesterday I outlined my day…
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