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Tuesday, October 25, 2016

Buy A Few Calls and Hold Overnight As Long As SPY $214 Holds


One Option Trading Blog http://ift.tt/2dScGXS Posted 9:30 AM ET - Yesterday the market rallied above the 100-day moving average and it was able to hold the gains. That bodes well for trading today and the S&P 500 is up slightly before the open. I am expecting a bounce into the middle of the trading range this week and the SPY should be able to get to $217. Mega cap tech stocks will post results and Apple is on deck after the close. Google and Amazon will report after the close Thursday. Traders do not like shorting the market ahead of these earnings announcements. Europe's flash PMI …

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