October 24, 2018

A Perfect Example Of One Of Our Favorite Setups

Stocks across the globe saw some relief overnight, though equities in the U.S. are still spooked with volatility returning to the market. Wall Street’s three major indexes slumped early Tuesday but ended well off the day’s lows as investors snapped up beaten-down shares late in the session. Futures are now posting declines ahead of the open amid worries over rising rates and tariff impacts on U.S. earnings.

*Source:  Seeking Alpha

I would like to show you an example of one of our favorite day trading methodologies in the Short-Term Options Room, the Gap Fill.  Check out this video to see how the setup is formed and how we take advantage of this short-term options play:

about the author:

Mike Shorr

Since 1994, Michael has been an on-the-floor market maker, Vice-President of Interest Rate Derivatives for Knight Financial Products and Director of Education and Options Instructor at Trading Advantage. He makes the oftentimes complex world of options and trading accessible to the novice and advanced trader alike. Michael has a Bachelor of Science degree in Statistics and Finance from the University of Illinois Champaign-Urbana. He presently is Director, Trader Education at ProsperTradingAcademy.

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