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Daily Option Trading Commentary

As Long As the Market Stays Above This Key Level I Am Bullish

September 22
Posted 9:30 AM ET - The market is trapped in a range and it lacks a "driver". Stocks were able to shoulder hawkish Fed statements this week and the breakout is holding. With each passing day the bid should strengthen. North Korea is flexing its muscle, but the market is ignoring the saber rattling. The US has imposed additional economic sanctions and China is restricting banking activity with North Korea. Stocks are down this morning on the news, but this won't spark a major round of profit-taking. Europe's flash PMI was much better than expected. In general, global conditions are…
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