One Option Trading Blog http://ift.tt/1JqPBqx FREE WEBINAR WED. Click the link to register and I will show you a pattern I trade with incredible success. Posted 9:45 AM ET - Yesterday, the market probed for support and we did not get a bounce. That selling pressure continues this morning and the SPY is below the 100-day moving average. Prices are so compressed that we cross major moving averages at will. If support levels at SPY $207.60, $206.00 and $204.40 fail, I will gradually buy puts. Asset Managers will not aggressively bid for stocks before the September FOMC meeting and our best chance …
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