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Daily Option Trading Commentary

Economic Recovery Better Than Expected - Take Profits Into Strength - Wait To Reload

June 5
Posted 9:30 AM ET - Stocks took a breather yesterday, but they are back on track this morning. The S&P 500 is up 45 points before the open and it will rally to a new relative high. Global economies are reopening and there are signs that the recovery is brisk. Asset Managers are not waiting for signs of consumer confidence, they are buying now with the notion that monetary easing and fiscal stimulus will be used if needed. The volume is light and traders need to use caution. This is been a big week for economic releases. ISM manufacturing and…

 

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