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Friday, January 22, 2016

Sell Bullish Put Spreads and Buy Bullish Call Spreads - SPY $200 Is the Target


One Option Trading Blog http://ift.tt/1OC35iJ CLICK HERE AND WATCH US MAKE A KILLING TODAY Posted 9:30 AM ET - Wednesday the market tested the lows from August and we witnessed a sharp intraday reversal off of SPY $182 on extreme volume. Yesterday we saw follow-through buying and the gains held throughout the day. Stocks are trading higher before the open and the capitulation low is in. Buyers will be engaged ahead of major earnings announcements. Now that support has been established, the bid will strengthen and confidence will be restored. After a nasty decline the last few weeks, we can …

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