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Daily Option Trading Commentary

This Is Why the Market Drops Are Brief and Small

October 27
Posted 9:30 AM ET - PRE-OPEN MARKET COMMENTS WEDNESDAY – The S&P 500 is making new all-time highs as earnings season cranks up. The reaction to mega cap tech earnings has been mixed. Bulls will view this as good news because the results have been strong enough to support extreme valuations. NFLX and TSLA were able to rally last week after an initial negative reaction while FB and INTC remained weak after heavy selling. MSFT looks strong after posting results while TWTR, AMD and GOOG are flat. AAPL and AMZN will post earnings after the close Thursday. These numbers are…

 

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