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Wednesday, November 8, 2017

Start Taking Profits On Calls Today - Market Did Not Rally On Good News


One Option Trading Blog http://ift.tt/2zGAY3b Posted 9:45 AM ET - The breakout and the follow-through we needed are not materializing. This is the most bullish seasonal period of the year and good news has not sparked a rally. Without tax cut approval the market will flat line the rest of the year. Given the recent price action, the upside potential is limited. I don't like "flapping in the wind" while I wait for politicians to find middle ground. Soon DC will leave for Thanksgiving recess and a few weeks later they will leave for Christmas recess. Before the end of the year they also have to …

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