Conservative Option Trading Group

The markets rebounded solidly after a pre-market gap down. The S&P ended the day up .58% while Nasdaq was up 1.05%. Interestingly, we saw a pretty solid day from the Technology sector. It appears that the market remans uncertain if we will see another leg higher or will August be another bearish month. Historically, August has been a bearish month.

Pre-market futures are down by around .5% as we head into the opening bell. Plan for the day is to wait to see how market moves after the open and look to manage/adjust my open 8/18 positions.
Have a great day.
Brian

Good morning, all. It’s CPI day. The markets sold off all morning only to mount an afternoon rally getting back to break even for the day only to sell off in the last hour of the day. The S&P ended the day down .70% and the Nasdaq finished the day down 1.17%. The markets have erased Monday’s gains but that could all change based on updated CPI numbers. I read this morning that we will see another CPI report before Fed meets to discuss interest rates so this may mitigate any major moves.
Yesterday, we discussed the Bond Substitute trade in depth. After our call, I added a new bond substitute trade in WMT. Join us with a 7 day trial to begin your conservative options trading journey.
Brian