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Daily Option Trading Commentary

Buy This Market Dip If This Support Level Is Reached

August 15
Posted 9:00 AM ET - The news driving the market today has been around for the last few weeks. Politicians are on vacation and the investors get nervous when no one is “minding the shop”. I view this light volume price action as nothing more than "noise". This dip will present a buying opportunity and I plan to add at SPY $280. Trade talks with Mexico seem to be going well and a possible deal could be announced in the next week. Europe is also at the negotiating table and we can expect some progress in the next few weeks.…

 

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