Market Should Dip Early This Week - Action Will Dry Up - Sell Bull Put Spreads

One Option Trading Blog http://ift.tt/1XHe2Th Posted 9:30 AM ET - Central bank money printing pushed the market through major resistance and stocks continued to grind higher last week. The FOMC statement was dovish and quadruple witching fueled the rally. The S&P 500 is safely above the 200-day moving average and that support level should hold through April options expiration. I am expecting a round of light selling this week. The damage will be contained and I suggest selling out of the money bullish put spreads on any dip. This option trading strategy allows you to take advantage of time decay and you can distance yourself from …