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Daily Option Trading Commentary

Market Is Vulnerable To A 1-Day Drop - This Event Today Could Spark Profit Taking

November 13
Posted 9:30 AM ET - The narrative has not changed much overnight. Stocks continue to float higher during this light news cycle. Momentum favors the upside, but the volume is light and these gains can easily be stripped away. Buy back your bullish put spreads for pennies and wait to reload. President Trump did not provide any new information on trade negotiations with China during his speech yesterday. He believes the US has the upper hand and he will not remove tariffs to the degree that China wants. Trump said that a deal is close, but if it doesn't happen…

 

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