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Thursday, January 30, 2020

Wait For Market Support and Sell These Bullish Put Spreads [VIDEO WITH PICKS]


One Option Trading Blog https://ift.tt/2u57E5b Posted 9:30 AM ET - Yesterday the market gapped higher and it instantly gave back those gains signaling selling pressure. It gradually tried to challenge the high of the day, but sellers forced the S&P 500 back down to its low. That profit-taking suggested that we might see follow-through this morning and the S&P 500 is down 25 points before the open. The warning signs are there and we can expect support from earlier this week to be tested. Earnings have been excellent, but stocks are struggling to advance. Apple posted fantastic results and the stock was up 2%. Microsoft is …

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