One Option Trading Blog http://bit.ly/2T9VEH5 Posted 9:30 AM ET - Yesterday the market tested the 50-day moving average for a second time this week and it bounced off of that support level. The bid is still relatively strong and earnings season has been better than feared. Semi-conductor stocks are up this morning and the earnings from the group were good. Intel will report after the close today. The market wants to consolidate at this level so we are going to take profits on our puts. Yesterday I suggested that swing traders buy puts on the open. The SPY was above $264 and it is poised to …
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