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Friday, May 6, 2016

Buy Puts When the SPY Trades Below $204 - This Could Get Ugly


One Option Trading Blog http://ift.tt/1YcQeap TAKE THE FREE TRIAL AND GET THE PLAY BY PLAY IN THE CHAT ROOM TODAY Posted 9:45 AM ET - This week the market has been opening on the high and closing on the low. That is a bearish pattern and we are likely to see it again today. In April 160,000 new jobs were created and that is below estimates. The SPY is below $204 and that is a significant support level. Some traders will see this as bullish news. Slow employment growth will give the Fed more breathing room and that …

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