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Daily Option Trading Commentary

Market Drop Ahead of the FOMC, AAPL and FB Is A Warning

January 27
Posted 9:30 AM ET - Market volatility is starting to increase and I noted this in my comments Tuesday morning. The S&P 500 dropped 60 points Monday morning and that was a warning sign. For the last two weeks I've been pointing to this timeframe and urging swing traders to get to the sidelines. Tech giants are reporting and that typically keeps sellers at bay. Microsoft reported earnings yesterday and Apple and Facebook will report after the close today. The upside rewards are smaller than the downside risks. Microsoft posted excellent earnings and the stock rallied on the news. AMD…

 

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