Market Is Ready For A Rate Hike - New All-Time High Likely In December

One Option Trading Blog http://ift.tt/1MVHOkn TAKE THE 1 WEEK FREE TRIAL FOR DAY TRADERS AND FOLLOW US IN THE CHAT ROOM Posted 9:45 AM ET - Yesterday the FOMC minutes were released and the tone was hawkish. The market rallied above the 200-day moving average and momentum pushed us higher. I'm certain that many traders sold calls above SPY $207 on the notion that resistance would hold. They scrambled to cover and under allocated Asset Managers bought what they could. This added fuel to the fire. I'm confident that they still have stock to buy and we should see positive price action …