Wait For Market Support - Then Sell Out of the Money Bullish Put Spreads

One Option Trading Blog https://ift.tt/3l4yzmA Posted 9:30 AM ET - The S&P 500 bounced off of the 100-day moving average last week. Since then it has broken the downtrend line started in August and it has closed above the 50-day moving average. Buyers are engaged and I believe that the next round of selling will produce a higher low and it will confirm technical support. President Trump tested positive for the Coronavirus and the S&P 500 is down 45 points before the open. This drop will reveal the appetite for stocks. President Trump plans to run the country while he is quarantined. He says he feels …