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Thursday, October 1, 2015

Sell Out of the Money Put Spreads - Know That You Might Take Heat 1 More Time


One Option Trading Blog http://ift.tt/1QNb3VN Posted 12:30 PM ET - We've seen some big market moves this week. The SPY fell sharply Monday and we tested the closing low from August (SPY $187.20) on Tuesday. That support level attracted some buying and stocks rallied yesterday. This extreme market volatility should subside in coming weeks. Q3 window dressing is over and the debt ceiling is behind us. Earnings season will start in a couple of weeks and that will attract buyers. The official PMI in China was better than feared. ISM manufacturing was weak and that has been the trend the last couple of months. ISM services …

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