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Daily Option Trading Commentary

This Powerful Force Is Keeping Buyers Engaged - Market Will Tread Water the Rest of the Month

February 20
Posted 9:30 AM ET - Yesterday the market gapped higher and it was able to hold most of the gains. The market bid is still strong and Asset Managers are ignoring the potential impact of the Coronavirus. Loose central bank monetary policy is providing a safety net for the market. I believe stocks will tread water at this level for the next few weeks. China lowered its prime rate by 10 basis points from 4.15% to 4.05% overnight. The Fed has also referenced Coronavirus and they are ready to ease if needed. Apple warned that it will miss revenues because…

 

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