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Tuesday, October 22, 2019

If Market Closes Above SPY $300 - Hold Some Calls Overnight - Pending News


One Option Trading Blog https://ift.tt/35YkDni Posted 9:30 AM ET - Yesterday the market gapped higher and it was able to hold the gains. Stocks closed on their high and this morning minor resistance at SPY $300 will be challenged. The overnight news was good and we are likely to see a grind higher. Trading volume is anemic and that signals a low level of conviction. Trade negotiations between the US and China remain constructive. The rhetoric has been positive and a mini deal could be signed in November. Investors would be satisfied with this outcome. No one expects a substantive deal before the 2020 election. Boris …

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