One Option Trading Blog https://ift.tt/2VG0o9c Posted 9:30 AM ET - Last week the market rallied off of support and it broke through resistance at the 100-day MA and SPY $294 on positive comments from the US/China trade negotiations. Both countries are working towards a preliminary trade agreement but nothing has been signed. Earnings season will begin tomorrow and that typically keeps buyers engaged. As long as the market can hold the 100-day MA you should focus on selling bullish out of the money put spreads. China has tentatively agreed to double its agricultural purchases ($50 billion per year) and to protect intellectual property. In exchange they …
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