© 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.
Election Compression
www.oneoption.com
The market is happy right where it is.
PRE-OPEN MARKET COMMENTS WEDNESDAY – Traders are waiting for mega cap tech earnings, major economic releases next week, the election and the FOMC statement. That will all play out in the next two weeks and until then, no one is placing big bets on which way we go.
Europe was soft overnight and Asia was firm. Both are offsetting.
TSLA reports earnings today after the close and it is the major announcement this week. AMZN, AAPL, GOOG, META and MSFT all report next week.
The Beige Book will be released this afternoon and it gives us a peek at growth across different geographic regions in the US. This is not typically a market mover. Tomorrow we will see if initial jobless claims are continuing to increase. This is an interesting number, but it is only one weekly look at employment. Next week, GDP (first reading for Q3), JOLTS, ADP, ISM manufacturing and the jobs report will be released.
The following week we have the election on Tuesday and the FOMC statement on Thursday (according to the Fed’s website).
The longer-term trend is up so we lean on that. The market is down this morning. Evaluate the price action on the way down. That will tell you when and where we should expect support. Once it has been confirmed, buy strong stocks. If the market continues to leak lower, you will have to wait longer for your window to set up. We can expect choppy, directionless price action the rest of the week and early next week.
I would start reducing swing exposure as we head into next week.
Support is at AVWAPQ and resistance is at the all-time high. Anything in between is noise.
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.