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Daily Option Trading Commentary

Dead Till the Fed - Low Volume and Tight Ranges For 2 Days

June 17
Posted 9:30 AM ET - Last week I mentioned that the bounce would stall and that the market would fall into a tight trading range. Four out of the last five days have been dojis (opening price equals closing price). The trading volume is light and this pattern will continue. Wednesday the FOMC statement will be released and traders will not place any big bets before that news. The market is pricing in two rate cuts in 2019 and I believe that is overly optimistic. We can expect dovish comments this week, but we won't see a rate cut until…

 

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