Don’t Buy Puts Yet - Market Drop Was On Light Volume - 30 AM ET - Stay In Cash

One Option Trading Blog https://ift.tt/2qXhC43 Posted 9:30 AM ET - Yesterday the market plunged after a big round of earnings releases. Google did not spark buying and mega cap tech stocks have traditionally led the charge. Facebook faces possible regulation and it will post results after the close. Smart phone suppliers have been warning and Apple has been weak. The S&P 500 and the NASDAQ 100 were both below critical support (100-day moving average) and once the selling started Tuesday buyers pulled bids. The S&P 500 is likely to test the 200-day MA this week. Yesterday President Trump said that Mexico needs to secure their side …