One Option Trading Blog http://ift.tt/2djh5Ed Posted 9:30 AM ET - The FOMC statement will be released two hours before the close today. No one is expecting a rate hike, but hawkish comments could pave the way for a move in December. If this happens the market will quickly test the 100-day moving average. I will buy puts today if the market closes below SPY $212. In that event, we are likely to challenge SPY $206 (200-day MA) in the next couple of weeks. This is the most likely scenario. September is historically a weak month and Asset Managers are cautious. Donald Trump is edging closer in …
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