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Tuesday, February 7, 2017

Buy More Calls If the SPY Closes Above $230


One Option Trading Blog http://ift.tt/2khSwY9 Posted 9:00 AM ET - The market staged a strong rally the first two hours of trading last Friday and then it flat lined. Since then, the action has been choppy. The S&P 500 was down a little yesterday and this morning we will make all of that back. We are within striking distance of the all-time high and we need to test it in the next day or two. If we make a new high today, add to your call positions. In the last two weeks we've broken out to a new high and we’ve tested the breakout. This retest …

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