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Daily Option Trading Commentary

It’s All About Jobs - This Is the Number To Watch [Not What You Would Think]

August 4
Posted 9:30 AM ET - Yesterday the market was able to rally to a new five-month high. End of the month/beginning of the month fund buying fueled the move and earnings season is in full bloom. Major economic releases are also on deck. After this week the trading volume will drop off and we will head into a news vacuum. I believe that the upside rewards are smaller than the downside risks. Tech stocks have been leading the charge higher and the results have been good. Unfortunately, the market rally has been narrowly defined and the back half of earnings…

 

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