One Option Trading Blog http://ift.tt/2xy1LuJ Posted 9:30 AM ET - Yesterday the market probed for support and the SPY bounced before it challenged $248. Tech stocks have been weak relative to the S&P 500 and we are seeing a rotation out of this sector and into energy/retail. The QQQ bounced just above the 100-day moving average and I like these stocks with earnings season approaching. I am going to buy November call options on some of the tech leaders this morning. I will use QQQ $141.70 as my stop on a closing basis. Swing traders should own calls as long as the QQQ stays above that …
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