The bulls were cruising throughout the week going into Friday’s session before some “old school” volatility picked up that took the market on a wild ride. The price action swung nearly 2% shortly after the open and when the dust settled it ended up being a flat session.
The bears were due for a rest following the attack in August and we mentioned the start of September could be bullish through next week. We will go into more detail in our commentary below on how we see the next month or so playing out but one thing is for certain, volatility could be extreme and as option traders, the next 2 months will be a Super Bowl. (read more…)
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