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Daily Option Trading Commentary

Buy the SPY If This Happens - Market Will Retest the Low

October 15
Posted 9:30 AM ET - The market hit the air pocket we've been waiting for and the NASDAQ 100 is down 10% from its high. The S&P 500 has dropped about 8.5% so it is close to a correction as well. Nasty drops like this typically have aftershocks and you can see that in today‚Äôs chart. Earnings season has started and the results should be excellent. There isn't any news on trade negotiations and I'm not expecting any before the elections. Our relationship with China is strained, but it looks like Trump and Xi will meet at the end of…

 

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