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Daily Option Trading Commentary

Friday: England In = New Market High and England Out = Market Correction

June 22
Posted 9:30 AM ET Wednesday - The market is waiting for the outcome of the Brexit vote Friday morning. Four polls flipped from "leave" to "stay" this week and the market is pricing that in. The margin is still tight and the polls have been changing week-to-week. Traders are going to wait for the results and trading volumes will be extremely light today and tomorrow. I believe that the fear of what might happen to England's economy if they leave the EU is greater than the frustration caused by immigration. If England remains in the EU the market will breakout…
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