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Daily Option Trading Commentary

Market Backdrop Improving - Buyers Will Be Back In A Few Weeks

August 17
Posted 9:30 AM ET - The market is treading water during the summer doldrums. We are in a news vacuum and stocks lack a catalyst. Traders and politicians are taking time off and I view this price action as "noise". We will add to our position if the SPY pulls back to $280. Trump is very close to signing a trade deal with Mexico and it could be finalized this month. Negotiations are taking place with Europe and the goal is zero tariffs. China will come back to the table in the next few weeks. These are all bullish developments,…

 

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