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Daily Option Trading Commentary

Market Trying To Shoulder News - Any Surprise Favors the Downside

May 25
Posted 9:30 AM ET - I want to thank the brave men and women who have proudly served our country and who have protected freedom around the world. HAPPY MEMORIAL DAY! Yesterday we got a lightning strike from one of the dark clouds, but the market shouldered the news that Trump canceled the summit with North Korea. As I mentioned in my comments the trade deal with China hinges on denuclearization of the Korean Peninsula. I still believe that the market is walking a tightrope and many dark clouds are looming. We will maintain our short position and we will…

 

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