© Copyright 2025 eOption, a division of Regal Securities, Inc., Member
FINRA/
SIPC |
Important Disclosures
950 Milwaukee Ave., Ste. 102 | Glenview, IL 60025
The information on this web site is for discussion and information purposes only. All accounts accepted at the discretion of eOption which accepts customer orders only on an unsolicited basis, and does not make any recommendations regarding any security or securities product with the possible exception of orders executed by our full service bond desk. Nothing contained herein should be considered as an offer to buy or sell any security or securities product. Online trading has inherent risks due to loss of online services or delays from system performance, risk parameters, market conditions, and erroneous or unavailable market data.
FINRA BrokerCheck reports for Regal Securities and its investment professionals are available at www.finra.org/brokercheck.
Options Disclosure: Options involve risk and are not suitable for all investors. Prior to trading options, you must be approved for options trading and read the Characteristics and Risks of Standardized Options. A copy may also be requested via email at support@eoption.com or via mail to eOption, 950 Milwaukee Ave., Ste. 102, Glenview, IL 60025. Online trading has inherent risks due to loss of online services or delays from system performance, risk parameters, market conditions, and erroneous or unavailable market data.
eOption Commissions: Broker-assisted orders are an additional $15. Option strategies involve multiple purchases; therefore your transaction costs may be significant for option strategy trades. A commission rate of $2.00 for equities and $3.99 + $.10/contract for options, per execution, applies to orders entered and filled by eOption's Auto Trade Desk and does not apply to customers who enter their trades directly into the eOption platform and are not utilizing the Auto Trade desk.
Broker Comparison: The competitor rates from published websites were verified on 05/25/2023 and are believed to be accurate, but not guaranteed. Commissions are subject to change without notice. At some firms, commissions may not reflect broker-assisted fees, orders over 1,000 shares, penny stock trades, OTCBB, pink sheet stocks or foreign stock orders. Firms may offer reduced commissions if additional criteria are met.
Blog & Commentary: eOption is neither affiliated with, sponsored by, nor endorses commentary and the opinions expressed are solely their own. Content is provided for educational and informational purposes only and eOption cannot attest to its accuracy or completeness. No information provided has been endorsed by eOption.com and does not constitute a recommendation by eOption to buy or sell a particular investment. You are solely responsible for your own investment decisions, and eOption makes no investment recommendations and does not provide financial, tax or legal advice.
Nice Intraday Moves Net Out
www.oneoption.com
The nice rally Monday was erased after Powell’s speech.
PRE-OPEN MARKET COMMENTS WEDNESDAY – This is a light news week so the market is going to latch on to any news it can. Monday the market rallied on the notion that there could be two more rate cuts this year. That possibility was revealed last week during the FOMC statement. Yesterday, Powell said that there is no guarantee that the Fed will cut twice this year and the market gave back Monday’s gains.
Without a nice quick drop of 5% or more in the next few weeks, this is the type of price action we can expect the rest of the year. A government shutdown is possible, but I doubt that it will produce this level of selling pressure. This is a temporary event and politicians always strike a deal at the last minute.
Buyers will get anxious as we get closer to the end of October. They have been waiting for a dip and they have not gotten one. They don’t want to miss a year end rally and prices continue to float higher. Seasonality will shift from bearish to bullish in the next few weeks. This leads me to believe that we are not likely to get much of a dip and that the current pattern is likely to continue.
On gaps up, wait for a bid check and buy on support. Do not chase. On gaps down be ready to take action earlier. This is our ideal set up and it gives us a chance to enter well.
Support is the low from Monday and resistance is the high from Tuesday. This is a fairly wide range and during a light news week we might stay in it. Overseas markets were mixed, but China was strong.
Content is provided by OneOption, LLC, which has no affiliation with Regal Securities, Inc. (“Regal”) This commentary is provided for information purposes only, and is not a recommendation, offer or solicitation by Regal to buy or sell securities or to adopt any investment strategy. Regal has not participated in the creation of the OneOption content and does not directly or indirectly endorse the content. Any reliance on this material is at the sole discretion of the reader.