This video gives a quick review of the broader market index ETFs and some sectors and individual stocks and discusses our bias is in the short-term with today's bullish gap in trading stocks and options.

 

 

With the recent broad based selloff, our market internals flashed a a signal yesterday that a bullish turn was pending.  Today's bullish gap might be the signal if it holds.

The elevated volatility levels in the market favors shorting overpriced put/spreads (with the charts as always) and/or trades with positive time decay.  This should set up some great short-term bull put spread trades.

We will be focusing on selling puts/spreads on SPY and other individual stocks which expire today or Monday (and shorting overpriced call options/spreads on Volatility ETFs VXX and UVXY).  Stay tuned!

 

 

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Please read the information on Money Management below

 

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In the Master Trader Green Room, we trade stocks, options, and ETFs in real-time.

Learn how we scan pre-market compelling Gap Trades and discuss a “plan of attack” to profit.

 

 

Because your success is vital to you – and us.

 

Before selling options or credit spreads, we urge you to review the valuable and detailed information that we have provided for you in your Member’s Area.

 

You will find it by scrolling to the bottom of the page to Master Trader Subscriber Resources.

 

The link is Money Management Considerations When Selling Option Credit Spreads for Income.

 

It explains Master Trader Money Management, Trade Management, understanding the use of Contingent Orders, and much more.

 

 

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Happy trading!  If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com

 

All the best,

 

Greg Capra
Managing Director of Master Trader
Trading the Pristine Method — Origin and End

 

Dan Gibby
Chief Options Strategist

 

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