Friday, February 8, 2019

Buy More Puts If This Happens Today - Bearish Price Action


One Option Trading Blog http://bit.ly/2MTjzbe Posted 9:30 AM ET - Yesterday we saw the first signs of weakness and the S&P 500 blew through support at the 100-day moving average. The news was not that daunting and this suggests a heavy dose of profit-taking. Swing traders shorted the SPY when it breach $270 and we will add the other leg today if conditions warrant. Trump will not meet with Xi at the end of the month. We don't know why, but this is probably a negotiating tactic. Trump feels he has the upper hand and this could mean that both sides are so far apart that …

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