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Daily Option Trading Commentary

Stocks Are Priced For Perfection and Ignoring the Dark Clouds

December 7
Posted 9:30 AM ET - PRE-OPEN MARKET COMMENTS TUESDAY – I sound like a broken record so let me keep the comments brief today. There are very strong opposing market forces in play. Stocks are priced for perfection and the backdrop is not perfect. Swing traders should keep their powder dry as the market loses its longer term momentum. Sparingly sell out of the money bullish put spreads on stocks with relative strength. Distance yourself from the action and take advantage of time premium decay and seasonal strength. If December ends well off of the all-time high, 2022 could be…

 

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