Apple and FOMC Likely To Spook the Market - Buy A Few Puts This Week

One Option Trading Blog http://ift.tt/233u3Vk Posted 9:30 AM ET - Yesterday the market drifted lower early in the day. Buyers surfaced in the afternoon and the damage was minimal. The bid seems light and Apple could disappoint after the close. Global credit concerns have eased slightly and the FOMC statement should be a little more hawkish Wednesday. Whatever gas is left in the tank will be used this week. Facebook and Amazon report Wednesday and Thursday respectively. Once these mega cap tech stocks are out-of-the-way, bearish speculators will get a little more aggressive. I also expect to see profit-taking now that the upward momentum has stalled. …