This week is over, we saw some movement, but indexes and stocks are still on the bottom, and not sure where to go from here. I expected the indexes to fall, but it seems they are in neutral position waiting to see who will win, bears or bulls.
Finviz map is a bloodshed of various sectors, utilities fared better than everyone else.
I placed a trade on SPY, it’s a Bull Put trade with expiration on November 30th. I am expecting the price to be above 259 at expiration. I’ll see in two weeks if it was a good trade or not. I keep my strikes low to control my losses and risk.
You probably won’t see me buy calls, since I believe it’s very risky.
That’s all for this article.