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Monday, May 4, 2015

If the Market Closes Above SPY $212 I Will Sell My Puts and Watch


One Option Trading Blog http://ift.tt/1ERCiLL Posted 10:30 AM ET - Last Thursday the market sold off and it looked like it was poised to roll over. Buyers rushed in Friday and they erased all of the losses from the prior day. The S&P 500 is up 10 points this morning and we are within striking distance of the all-time high. Global economic conditions are weakening and central banks are easing. These two offsetting forces have buyers and sellers are paired off. The market is trading in a tight range and it lacks a catalyst. ISM services will be released Tuesday, ADP will be released Wednesday and …

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