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Wednesday, August 7, 2019

Take Profits On Some of Your Puts Today - Ride the Rest


One Option Trading Blog https://ift.tt/2YQq8nA Posted 9:30 ET - Yesterday the market found support and it staged a nice bounce. The selling from Monday was a little overdone and buyers nibbled. We are in a news vacuum and that favors the downward momentum. China stabilized the yuan after being labeled a currency manipulator. Trade tensions are escalating and a deal will not be reached before the 2020 election. Trump realizes this and he will move forward with the next round of tariffs in September. He will shift his focus to Canada/Mexico (USMCA) and Japan. Speaking of trade wars, South Korea and Japan have one of their …

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