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Friday, October 30, 2015

Sell Options Spreads - SPY Will Trade Between $206 - $212 Thru Nov Expiration


One Option Trading Blog http://ift.tt/1GB1aL0 TAKE THE 1 WEEK FREE TRIAL FOR INVESTORS AND MAKE MONEY Posted 9:30 AM ET - The market has been able to tread water after the FOMC statement and we are within striking distance of the all-time high. Profit-taking will keep a lid on the action as we head into the back half of Q3 earnings season. If the market drops to the 200-day moving average, buyers will step in. I believe we will trade in a range between SPY $206 and $212 through November options expiration. The reaction to the FOMC statement tells me that traders …

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