OPTIONS TRADERS CO-OP

[Beerworld]

Tough questions.... They seem to be continually buying dips but they can't do that forever. One could look at yesterday as a break out or blow off top, but didn't see the volume that would need. Obviously everyone thinks correction but not willing to sell....yet.

Today, nothing would surprise me that the market needs to give back some of yesterday's gains.( Market a little distracted with SNAP IPO)

Have to continually watch the political comments on border tax, taxes, and healthcare. Markets really waiting for a solid timeline for these issues. That will dictate the future market moves. Well and interest rates.

Trade both ways in AMZN just because it moves are big.

I have been buying closer or ITM options and trading quicker. I have also been using my cash preservation strategy of taking profits and moving out in strike price. Days like yesterday I could probably made more staying in issues but then this morning I have much smaller lasses because I did, so works both ways. As I say once the money is in my pocket it's mine.