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Wednesday, February 1, 2017

FOMC Statement Today - Buy Calls If the SPY Closes Above $227.60


One Option Trading Blog http://ift.tt/2kVdSdZ Posted 9:00 AM ET - Yesterday the market spent the day in negative territory and it reversed late in the day. That momentum has fueled a rally this morning and the S&P futures are up seven points before the open. I've been pointing to a new all-time high for weeks and when we broke out last Wednesday I told you we would see some nervous jitters ahead of the Fed. The breakout was tested and today we will know if it holds. This price action has been very typical. Apple's earnings report was good and the stock is trading higher this …

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