The markets continued to move sideways as resistance levels continued to hold. Consolidation has been the outlook for the markets all week and, with one day left in the week, could end up being exactly what transpires.
Even with sideways action in the markets, we are seeing some great setups in directional trading. We don't want too be to directionally aggressive, so look at diagonal call and put spreads. This could be a great benefit as we head into next week and June's monthly option expiration.
Remember, we have our special "Options Expiration Guide" live class next Thursday, as we do the day before every month's option expiration.
See you on Sunday's weekly Trading Room class!
Have a great night,
Your Maverick Trading Team
Over the years, we have spent thousands of hours talking with our traders and answering their emails. We have a huge collection of really great information that only benefited the specific traders who we were interacting with. So, we decided to start sharing all of these gems of knowledge with everyone.
