Ride Your Call Positions As Long As QQQ Is Above This Level

One Option Trading Blog https://ift.tt/2sEg6od Posted 9:30 AM ET - The market has been able to close above the 100-day moving average for more than a week and it has broken through horizontal resistance at SPY $274. Traders are focusing on strong fundamentals and they are less concerned with political events than they were a few months ago. The summit with North Korea next week and a Fed rate hike have not deterred buyers. I believe the North Korean summit is critical next week and it will lay the framework for trade negotiations with China. If China is willing to keep pressure on North Korea it …