One Option Trading Blog http://ift.tt/1HPTXqm Posted 10:30 AM ET - Yesterday, all the negative news finally caught up with the market. Major horizontal support was tested at SPY $204.50. It took a lot of selling pressure to get us down to that low and prices were very resilient. I believe those lows will hold through July option expiration and I am selling bullish put spreads today. Overnight, China's market rebounded. Large shareholders were banned from selling stock and short selling of small cap stocks was also prohibited. China is not out of the woods yet and we will see additional selling before this is over. For …
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