One Option Trading Blog http://ift.tt/2ggYD1p Posted 9:30 AM ET - In my comments yesterday I told you the market was going to make a new all-time high before Thanksgiving. The price action was excellent Tuesday and we are within striking distance of that high. I believe that option expiration will "goose" the market. Option premium sellers like to short calls above major resistance. If the SPY breaks out above $219 shorts will be scrambling to buy these calls back. That will spark short covering and it will give the market the fuel it needs. In the last 18 months we haven't had a catalyst. Sluggish economic …
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