- Bernie Schaeffer’s montly Option Advisory Comment is my must read. You can find this month’s here. In summary, he is bullish for the remainder of this year.
- Monday Morning Outlook, and Chartadvisor.com.
- My advice: Monday’s market drop may be a good opportunity to start getting into the market, if you have been sitting on the sideline. Again, the strategy that I prefer is covered call, with at the money or in the money strikes.
The markets have risen sharply during the last week, essentially erasing all the loss suffered during the previous 2 months or so. The major indexes, as such, have reached the all time high of 2011. It’s natural that a profit taking, or pullback is in store. Markets never go a straight-line in one direction. Plus this week is the July option expiration week and normally such a week displays more volatility.
