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Daily Option Trading Commentary

Market Pricing In A Sept Rate Hike - Conditions Will Be Good For Day Trading Until the FOMC

September 4
CLICK HERE TO SEE WHAT TRADERS SAID ABOUT MY CHAT ROOM Posted 11:00 AM ET - This morning we learned that 170,000 new jobs were added in August. This might have appeared like a miss (220K expected), but June and July were revised upwards and there were seasonal adjustments. Overall, the number was fairly strong. It was certainly not weak enough to prevent the Fed from hiking on September 17th. The market tanked on the news and the S&P 500 was down 30 points. From my perspective, the market was going to selloff either way.…
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