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Monday, February 6, 2017

Buy Calls If the Market Makes A New High With Buying Into the Close


One Option Trading Blog http://ift.tt/2kz0HQW Posted 9:00 AM ET - The market staged a nice rally Friday after a strong jobs report. The breakout two weeks ago has been successfully tested and we are within striking distance of the all-time high. The price action remains choppy and we need to see follow-through buying in the next few days. Earnings season has been decent, but mega cap tech stocks have reported and we won't have that catalyst. The Fed was unanimous in this decision to keep rates unchanged. They said employment growth is improving and economic risks are balanced. This was a fairly dovish FOMC statement and …

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