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Tuesday, March 22, 2016

Terrorist Bombings Will Spark Profit Taking - Wait For Support - Sell Bull Put Spreads


One Option Trading Blog http://ift.tt/1pwYZAo Posted 9:30 AM ET - The market surged higher the last two weeks on central bank money printing and dovish statements from the Fed. Quadruple witching added fuel to the move and stocks are overextended. We are due for a small pullback this week. The terrorist bombings in Belgium will lead to a light round of profit taking today. I have a few short positions that I will exit. I am on the wrong side of the market and I was expecting a decline this week. My losses will be small. The dip this week will set up an opportunity to …

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