Time To Sell Bullish Put Spreads - Market Ready For Rate Hike

One Option Trading Blog http://ift.tt/2swSjaJ Posted 9:30 AM ET - Yesterday we saw some follow-through selling, but prices stabilized. Stocks will open higher this morning and investors will take a deep breath. Fed will hike rates tomorrow and the market is prepared. It is typical for the S&P 500 to decline ahead of an FOMC meeting. Once the statement is released stocks rally. I believe the Fed will soften the blow with dovish rhetoric about the next rate hike. The market will shoulder this round of tightening and buyers will return. Tech stocks were over-extended and bullish speculators were shaken out. We've seen one day declines …