Wednesday, October 23, 2019

Market Bid Should Be Good For A Week - Here’s Why


One Option Trading Blog https://ift.tt/2pKAmG3 Posted 9:30 AM ET - The market continues to look for a driver and the SPY closed right where it started a week ago. Trading volume has been anemic and the level of conviction is low. Yesterday we were going to carry some overnight positions if the SPY closed above $300. The news did not pan out and we did not buy calls. Selling out of the money bullish put spreads on strong stocks is the best strategy given the current market conditions. Boris Johnson's Brexit plan won approval by Parliament, but not his fast track timetable. The margin of victory …

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