Options trading alert: Not buying into the positive open this morning. Beware the stick save.
1:25pm saw some rumblings looking like Jesus was in net again, the “team” is going to have a hard time finishing in the green today given the Gulf news. I’m letting the game settle post-FED before looking for confirmation like we normally do.
As suspected the stick save is on post Fed, plainly evident in the money movement like previous moves. Hope you caught the ride on this one. I’m out for the day – market doing wierd stuff and I don’t want to be around for the close.
Fed Meeting Offered No Threat of Impact to Options Trading Positions
Options trading is a minute to minute business the way I trade these days, and potential position swamping events like a Fed meeting announcement are best avoided if there is any chance of mischief. No chance of any earth shattering news from them today though – rates are already zero, the economic picture just plain stinks, and the European credit debacle has effectively shackled Ben Bernanke’s rates right where they are: zero.
On the other hand, the daily risk that does present itself to binary options traders is the moment by moment whim of the forex traders who seem to have complete control of the entire market. I’d be interested in hearing what other traders an interested parties are seeing in the market and how they are engaging (or avoiding) risk.
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