During that debt ceiling talk, since the discussion was dragged for over two months , there were lots of talks on TV scaring people of a default and market and now people are reacting. I bet mutual funds withrawal is in all time high.
Market will end up positive today. At least a little. Here are the reasons:
1- Too much bad news priced in
2- Many investors are scared - Contrary effect
3- Senate will vote yes today so you don't want to get caught in possible rally
4- If you were short, today is a good day to cover which...
Today APPL and ALTR will announe the numbers. Both results will be strong and I believe all semi stocks will announce strong share buyback programs. I reccommend the following strategies:
1- APPL : Sell 345 PUT and 410 Call
2- For conservative traders, just buy SPY or SMH. To be more...
The best strategy in your situation is selling the underlying (stock) and then do a risk reversal trade (Sell out of the money PUT and buy out of the money Call) for a credit or even. Lets say the stock si at 100. Sell the stock and buy 102.5 Call for the Sept and sell 97.5 PUT. You can engineer...