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Daily Option Trading Commentary

Market Down Ahead of Trump Speak - Watch For Early Low and Bounce

February 24
Posted 9:00 AM ET - This morning the market is going to give back the gains from this week. The S&P 500 is down 11 points before the open. There is not any overnight news to justify the move. We've moved the stop up to SPY $235 on a closing basis. Let the day unfold and take profits if we close below that level. Bullish speculators have piled into this rally and they will be flushed out this morning. That first wave of selling should run its course in a few hours. We will also see some profit-taking, but I'm…
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