daily chart

Daily Option Trading Commentary

Strong Jobs Number and ISM Services Push Stocks Up To Major Resistance Level

February 3
Today, we might have gotten the catalyst the market has been looking for. First, the jobs number came in much better than expected. Next, ISM services jumped from 53 to 56.8. The economic news was excellent and the market gaped higher on the open. Unlike the price action during the last two weeks, stocks feel like they want to grind higher. The market is challenging a major resistance level at SPY 135 and it doesn't feel like it's going to back off. This week the PMI's in Europe and Asia were pretty good. Interest rates in Europe were stable and…

Click here to read the rest and see the chart

FREE Webcast

I just recorded an online event for OneOption, and you can be viewing it in minutes. Look over my shoulder and gauge my options trading performance.

View now

Options Trading Research and Education

This options trading blog features timely options research. Each day you'll get our forecast and suggested options trading strategies. Search hundreds of educational option trading articles in our archives and learn how to trade options. The topics include credit spreads, covered call writing, iron condors, buying puts and calls, where to place stops on stock options, option expiration, option brokers, which strike price to buy, which option expiration to trade and much more. If you can't find what you need, post your questions about options trading.


Live Stock Reports: (Refresh this site throughout the day for the latest stock option stats)

Pre-Open Movers

See Full Pre-Open Report

Open

See Full Open Report

 

Option Trading Article of the Week

Option Trading - -How I Trade Options - Confidence Affects Strategy!

Posted by Pete Stolcers on October 11

This option trading blog nearly concludes my series on "How I Trade Options". After all of the research and analysis has been completed, I step back and I evaluate my level of confidence by breaking it into three categories; the market, the stock, recent performance. My option strategy will depend on where I am in the confidence spectrum. At the highest extreme I would be buying front month out of the money options. At the low end I would be selling out of the money naked put options on a stock I like fundamentally - in a scaled manner. The…

Read the rest of Option Trading - -How I Trade Options - Confidence Affects Strategy!

Stock Options Question of the Week

How I Trade Options - A Seasonal Example!

Posted by Pete Stolcers on September 20

Question Today John M. asks, “I am looking to play a seasonal trade on UPS. It usually runs up from mid-September to mid-December. Given that time frame what is the best option to choose?

Read the answer to How I Trade Options - A Seasonal Example!

Stock Option Trading Education

My Option Research Products

OneOption conducts extensive option trading research and it provides specific options trading entry and exit instructions.
- OneOption Scanner

The OneOption proprietary scanner finds high probability stocks that are in a long term trend and have short term momentum.

- Daily Report

After extensive fundamental analysis, two stocks (one bullish, one bearish) are highlighted each day in the Daily Report.

- Weekly Report

Focused on consistency and high probability set-ups. It utilizes credit spreads, and other premium selling strategies.

- Level 1 Option Report

This Report uses the most basic options trading strategy. Since it only buys puts and calls, the action is fast and can be volatile.

- Level 2 Option Report

The Level 2 Option Report buys options when the market is trending and it sells credit spreads when the market is range bound.

- Level 3 Option Report

Experienced traders can take it to the next level and should consider the Level 3 Option Report.

Categories

Resources

Option Trading Q & A