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Daily Option Trading Commentary

The Market Could Stay In A Tight Range For 2 Weeks - It Is Searching For A Catalyst

February 9
Last week, the market was able to break out to a new relative high on better-than-expected economic releases. It rests just below major resistance at SPY 135 and traders are waiting for the next catalyst. European credit concerns have waned and earnings season is winding down. That means the focus is clearly on economic growth. ISM manufacturing, ISM services and Q4 GDP all exceeded expectations. Initial jobless claims have been drifting lower (-15,000 today) and last week's Unemployment Report showed that 243,000 jobs were added in January. Not all of the gains came from hiring (Census adjustments were made) and…

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Option Trading Article of the Week

Option Trading - Bullish Reversal - Signs To Look For.

Posted by Pete Stolcers on April 13

This article was written a couple of years ago and I thought I would post it again. It should help you distinguish a “dip” from a “top”. When a stock has had a “nice run”, the first material sell-off (10%+) gains attention. Traders are trying to access if the highs are finally in, or if this is a great entry point for a long position. I look at both the technicals and fundamentals to help me decide “which camp I’m in”. From a technical stand point I start with a long term perspective. If the stock has been in a…

Read the rest of Option Trading - Bullish Reversal - Signs To Look For.

Stock Options Question of the Week

Why Use The SPY As A Market Gauge?

Posted by Pete Stolcers on July 19

Question Today I'll address a question I found in the comments. Will Maddox asks, "Why do you use the SPY as a measure of what the market is doing?"

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