Wall Street was pretty flat on the day as there wasn't any catalyst to push the markets higher or lower. Next week's rate cut is already priced in and we may be in a holding pattern until the announcement is official. Our traders took advantage of the market pause and sold a bear call spread about 90 minutes into the session. This is a bullish position but we felt that the market wasn't going to move much today and it did just that. The closing bell officially expired our position for a profit of 3.1%! See you next week!
Copyright © 2007-2025 10PercentPerMonth All rights reserved.