Market Will Test 200-Day MA - Here Is How To Trade This Move [Options Strategy]

One Option Trading Blog https://ift.tt/2PqT3sk Posted 9:30 AM ET - Yesterday the market closed on its low, but the selling pressure was rather subdued compared to the prior four days. This morning the S&P 500 is down 40 points before the open and panic selling is setting in. Coronavirus seems to be the only thing hitting the headlines right now. I believe that the S&P 500 is going to test the 200-day moving average today or tomorrow. Buyers should be willing to scoop stocks at that level and I plan to sell out of the money bullish put spreads on this next leg lower. The CDC …