Quite the Bullish Reversal in the Stock Market Today 

Tom Gentile

Posted in Daily Report

By: Tom Gentile on February 24th, 2022 • 1 min read

Based off today’s price action you would think the war and tensions between Russia and Ukraine was over.

The Dow was down over 800 points early and then proceeded to rally into the close 92-points higher for the day.

The S&P500 trade down 2- to 2.5% lower erased those losses and finished higher by 1.5%.

The S&P500 is still in a correction as it is still down over 10% off their Jan highs.

The NASDAQ, even after today’s impressive run, is still down over 16% off its highs, but it did close higher by 3.3% today.

What Options Considerations Are Available

The Russia / Ukraine situation definitely isn’t over, but for now investor’s seemed to have shrugged off those concerns so let’s look for a bit of continuation to the upside,  Also, this will be a bullish option idea or two to look at before we get into March and the almost assured first Fed rate hike to come this year happens.

Here are a couple of Morning Reports Lists for bullish option trade ideas.

Charts Feb 24 2022

App: Toms Option Tools

Market Insight articles may show images of lists of stocks meeting a variety of options parameters like Unusual Call and or Put activity or Expensive IV found on my app Toms Option Tools.

Other times I will have other charts may work to amplify my educational points. 

Those options data lists, however, can be found on my app Tom’s Option Tools. Use your device to search up and download this app and get free access to the Morning Reports section of the app.

Other parts of the app are available at a premium subscription rate, but the Morning Reports Lists are yours free.