Thursday, May 11, 2017

Buy Puts If This Support Level Is Broken Today


One Option Trading Blog http://ift.tt/2qvEIjz Posted 9:40 AM ET - The market traded in a very narrow range yesterday and tech stocks showed signs of strain. The QQQ lagged the SPY all day and we can expect profit-taking on the high flyers. Oil is bouncing and there will be some rotation into energy stocks. The trading range the last few days has been extremely tight and we are in a news vacuum. Expect more of the same today. Financial stocks needed to participate in this rally for meaningful breakout to have materialized. Banks are lethargic and the market won't get help from this sector. Healthcare stocks …

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