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Wednesday, July 12, 2017

Buy Calls - Buyers Are Back Ahead of Earnings Season


One Option Trading Blog http://ift.tt/2tHZjld Posted 9:00 AM ET - Yesterday the market staged an early rally and it was able to hold on to gains. The small pullback was brief and shallow indicating that the bid is strong. I'm going to sell bullish put spreads and buy some calls today. Janet Yellen will testify before Congress and we can expect hawkish comments. This should already be priced and the market and any dip will be a buying opportunity. Earnings season is approaching and tech stocks will rebound. Swing traders can buy QQQ calls. Use $138 as your stop on a closing basis. Move your stop …

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