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Daily Option Trading Commentary

Ride These Calls - The Market Is Going To Grind Higher

June 21
Posted 9:30 AM ET - PRE-OPEN MARKET COMMENTS THURSDAY - The narrative has not changed much overnight. The market has been able to shoulder negative news and it wants to grind higher. Tech stocks and small caps are leading the charge. The NASDAQ 100 and Russell 2000 are making new highs. Trade war rhetoric is escalating between China and the US. Daimler trimmed forecasts and cited Chinese tariffs on US cars as the reason. The market is down a little bit on the news, but buyers have been discounting potential trade wars. We've been patiently waiting for clarity and we…

 

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