© 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.
These Are the Key Market Levels.
www.oneoption.com
We need to get through them early on heavy volume and that is unlikely. This is setting up to be a dull day.
PRE-OPEN MARKET COMMENTS FRIDAY – You can interpret the headlines anyway you want. Good news is bad news or bad news is good news. The fact remains that buyers and sellers are engaged and we are seeing two-side price action. Regardless of which way we go, it is going to be a VERY bumpy ride. That makes for very tough trading conditions.
The market closed below a key support level at SPY $445 this week, but there has not been any follow through. Yesterday the market gapped down on the open and it bounced early in the day, recovering almost all of the losses. This type of price action does not reflect strong selling. Yes, the bias is slightly bearish, but buyers are never far away.
Overseas markets were down slightly so there is not much influence there. The S&P 500 is flat before the open and this looks like a dull day in the making. Stay flexible and watch the volume closely. Without volume, the market will not make a directional move today and we will be stuck in a choppy range. That would prompt you to keep your size and trade count down. We need a breakout above the close from Wednesday or below the low from Thursday early in the day and it needs to come on volume for us to have a chance at any movement today. These are tough conditions, but we are through the summer doldrums and normal conditions will return soon.
If you find a stock that has great RS/RW and a technical breakout on heavy volume, you can zero in on it and day trade it without too much concern that the market is going to get in the way. Just know that you will not have a market tailwind and that the stock will have to do all of the work.
Support is at SPY $442.75 and resistance is at $446.20
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.