SPX Butterfly/Condor Timing Report for August 6th, 2018

By Steve Lentz

Friday’s action was that of an Upswing Bar that followed Thursday’s Outside Bar.  This action occurred while the 15-3-3 stochastic is in an Uptrend between 45 and 85 and the SPX is trending above its 50-day simple moving average. This market condition has occurred 39 times since January 2000. Our research indicates that, statistically speaking, it’s more slightly likely than usual that this market condition will end up being slightly unfavorable for selling option premium with neutral strategies.

Three reports are included in the video: The SP 500 Condor/Butterfly Timing Report, the SP 500 Bull Put Spread Timing Report and the SP 500 Likelihood Report.

All use market research unique to www.DiscoverOptions.com

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