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Friday, February 7, 2020

Take Gains On SPY - We Will Error On the Side of Caution - Bullish Put Spreads Still Good


One Option Trading Blog https://ift.tt/2vahfYK Posted 9:30 AM ET - Yesterday the market closed at a new all-time high and the action was lackluster. Stocks have moved dramatically higher in the last week and we will give Thursday’s gains back on the open this morning. Coronavirus is still making headlines and investors are nervous. In the last few weeks we've seen selling on Friday and we will see if an excellent jobs report can attract buyers. The Coronavirus is spreading and there were 31,000 confirmed cases. That is up 11% overnight and the growth rate has slowed a little. The death toll is at 636 and …

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