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Daily Option Trading Commentary

FOMC Minutes This Afternoon - Here’s the Expected Reaction

May 22
Posted 9:30 AM ET - A daily chart of the S&P 500 reveals many overnight gaps that reverse the next day. This pattern during the last two weeks is a sign of indecision and we can expect it to continue for at least another week. Trade negotiations with China are strained, but a G20 meeting between Trump and Xi on June 28th will keep the bottom from falling out. A US trade team is headed for Beijing next week. Sanctions against Chinese technology firms are likely to increase. The US could add another 5 firms to the blacklist and the…

 

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