Follow Us: TwitterFacebookRSS feed

Daily Option Trading Commentary

Buy Puts On the Open - Trade Negotiations Stall and NK Getting Cold Feet

May 23
Posted 9:30 AM ET - I have been skeptical of the rally this week. Trade talks between China and the US came to a standstill and both sides declared a temporary truce. North Korea is getting "cold feet" and the tone is starting to sour. Investors will error on the side of safety and the S&P 500 is likely to close below the 100-day moving average today. I am taking a short position. The US and China could have stated that they are miles apart and that they can't find middle ground. Instead, they said that progress is being made…

 

Stock Option Trading Education