Market Rally Will Set-up A Great Short - Let It Run and Don’t Be Early

One Option Trading Blog http://ift.tt/1QIWXDJ 1 WEEK FREE TRIAL - SEE WHAT WE ARE TRADING IN THE CHAT ROOM Posted 9:30 AM ET - Yesterday the market rallied above key support at SPY $187.50 and that level held throughout the day. We managed to string a few nice days together and the futures are up pre-open. The higher we go, the better the shorting opportunity. We don't want to be early, so let's let it run. When the market held support yesterday, I sold out of the money bullish put spreads in February (NFLX, CMG, SKX, UPS, CREE…). This option trading …