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Daily Option Trading Commentary

Bullish Specs Were Flushed Out - Buyers Stepped In - Nothing But Noise

May 28
CLICK HERE TO TAKE THE FREE TRIAL. You will see today's trade it in the chat room and you will see the stocks in Pete's List. Posted 9:25 AM ET - This market volatility is fairly normal when the news and trading volumes are light. The decline Tuesday flushed out bullish speculators and buyers returned yesterday. The SPY is back above the breakout at $212. China's market was down more than 5% overnight. I believe this move was sparked by an increase in margin requirements. They had a similar move a few weeks ago and…
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