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Tuesday, June 23, 2020

No Trade War Threat - Trump Is Running On A Strong Market [Use This Options Strategy]


One Option Trading Blog https://ift.tt/3etnokm Posted 9:30 AM ET - The market has successfully confirmed support at the 200-day moving average and is likely to trade in a range while we wait for earnings season. Buyers are typically engaged ahead of the announcements and I am expecting a slight upward bias. We still don't know the bottom line damage from the shutdown and we don't know if consumer behavior will be impacted by the latest spike in new cases. We are in a news vacuum and the SPY should stay between $297 and $322 for the next few weeks. The overnight price action in S&P 500 …

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