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Daily Option Trading Commentary

Market Still Has To Find Support - Start Using This Options Trading Strategy On Dips

September 25
Posted 9:30 AM ET - Yesterday the S&P 500 briefly tested the 100-day moving average and it rallied off of that level. Sellers gradually returned in the afternoon and the buying dried up. We are likely to test the 100-day moving average again today. There wasn't any incremental overnight news. Politicians are trying to negotiate a stimulus bill and Steve Mnuchin said that he's met with Nancy Pelosi 15 to 20 times in the last few days. That is encouraging, but I'm not holding my breath. The chances for a stimulus deal have increased slightly. Negotiations also seem to be…

 

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